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Description
***Investor's breaking news alert!*** the assumable $2,334,280, @ 2.85% mortgage, principle, interest, taxes and water payment comes up to $264,000 annually, and the total rest, additional and accurate expanses beside PIT are $91,000 annually, for total expenditure of $355,000 annually! Gross income annually: $428,000-$355,000= NOI of $73,000 *Part time super on premises *Roof in very good condition *Oil tank: 3,000 Gallon *Quiet street *27 Eclectic meters and 26 gas meters *Clean lobby *Walk up building *All 26 units are rent stabilized *Insurance premium not included in the mortgage payment PLEASE NOTE: As of 03/09/2023 at 10:00 PM the price per a gallon of heating oil is down to 2.99 per, that reduces the price of oil mentioned in the expense report by 10K annually and adding anther 10K of positive cash flow not counted in the reports above. Additionally, unit 3-E is now vacant and will rent to programs for an extra 1,000 a month more then it was rented 4 previously
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Attribution contact: 914-588-8116
Listing Office: YCL Real Estate Consulting