$4,387,000 SALE
Multi-Family
13,008 SF
1054 Park Place
Brooklyn, NY 11213



Coldwell Banker Reliable Commercial Division is pleased to offer for sale 1054 Park Place, located in the Crown Heights section of Brooklyn. This 16 unit multi-family building features 5 fully renovated, free market units. Tenants pay heat and hot water. Actual Annual Financials: $290,496 Rent Roll, $71,799 Expenses, $218,697 Net Income and a 5% Cap Rate. Mortgage assignment available.


Property Type Multi-Family
Year Built 1910
Level Number 4
Lot Dimensions 40 x 96
Sub-Lease 16
Zoning R6
Cap Rate Percentage 4.99
Listing ID C25E2T
MLS ID CBRC1054
Additional MLS 436988
Style Multi-Family (5-20 Units)
Building Size 13,008 SF
Lot Size 5823 SF
Available Date Feb 24th, 2020
Taxes $46,299
Area Description

Region: New York

Region: United States

Region: Crown Heights

Region: Brooklyn

Property Features
Full Bath: 16
Location Name: Crown Heights
Fee 1 Type: Est Insurance $ Yr
Fee 1 Frequency: Annual
Fee 1 Amount: $7,000
Fee 2 Type: Est Water/Sewer
Fee 2 Frequency: Annual
Fee 2 Amount: $8,000
Fee 3 Type: Est Fuel $ Yr
Fee 3 Frequency: Annual
Fee 3 Amount: $7,000
Cooling: Central A/C
Area Description: Metropolitan
Flooring: Hardwood, Tile
Appliances: Dishwasher, Range / Oven, Refrigerator
Roof: Rubber
Heating - Fuel Type: Gas
Road Type: City / Town Street
Financials
Gross Income: $290,496
Expenses: $71,799
Additional Media Area Demographics