$950,000

92 Newport Street, BROOKLYN, NY 11212, US

Summary

Bedrooms: 15
Full Baths: 4,1
Half Baths: 0
Style: Single Family

Moving Quotes

primary photo for 92 Newport Street, BROOKLYN, NY 11212, US

Remarks

Investor's Special! 92 Newport was built in 1930 and still maintains a solid infrastructure. It underwent TOTAL renovation in 2016 including all appliances, common areas, boilers, electric, and roof. The building has a fairly large backyard with entry through the basement as well as a courtyard patio with second basement entry. The huge and clean basement can be used for anything. It homes 2 brand new boilers and the electric meters.<br><br>There are 4 tenants with a rent roll of $6950 monthly with leases until next Spring. Each tenant has their own meter in basement for electric. Taxes are $6K annual (just raised from $5K,) which it has been for years. Insurance is $3500 a year and an optional $1M umbrella policy can be added for $1500. National Grid fluctuates from $100 a month to $400 a month depending on season. Water and sewer is $3000 annually and Con Ed for common area is about $40 a month.<br><br>Capitialization Rate - 14%<br><br>The area is up and coming with new stores and restaurants. It's also 5 blocks from the 3 train and close to the B8, B15 and B35 buses. The tenants cannot be disturbed, no showings, drive by only. This is a fantastic investment with great returns for a Brooklyn visionary. Pictures are from one of the four units. Call or email for more details!

Details

MLS#: RLMX-00504003716266
Price: $950,000

Style: Single Family
Bedrooms: 15
Baths Full: 4,1
Baths Half: 0

County: Kings

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Broker Contact


Spire Group Inc.
105 Madison Avenue, 4th Floor
New York, NY, 10016
US
Bianka Yankov
! (212) 500-1900
! bianka@spiregroupny.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Real Estate Board of New York
Last updated: 2019-11-01T00:00:00.000-04:00.
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