1586 22 st

1586 22 st, New York, NY, 11229

$1,900,000

active

Year Built

1926

Stories

Type

Commercial

Monthly Cost

Estimate. Actual payment depends on credit, lender, taxes, and insurance.

$12,885/month estimated

Principal & interest: $10,113
Property tax: $2,648
Home insurance (est.): $125

Down payment %Interest rate %Term (years)

Down payment: $380,000 · Loan amount: $1,520,000

Description

Great investment in the heart of Midwood . HIGH cap 6 family free market brick building.Right next to James Madison High school. Right now cap 7.85%. The whold building was renovated in 2022. Need to pay less attention to the maintence. Owner can provid payment history for the rent. High income producing building. monthly income 17585 monthly, pro forma income 19650 monthly expense 5147. net operating income per month is 12437 eight now and 14502 in the future. All tenant do not have lease. A great building which is worth to keep for life time. Imagine a life which you can take 14502 without doing anything. Owner will consider seller finance if good downpayment is put down.

Property Details

Cooling: None
Heating: Baseboard
Basement: Full

Schools

Elementary

—

Brooklyn

Middle

—

Brooklyn

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Listed by Dongyue Niu, Landmark International R E LLC

MLS# 953966718-898-8300

Listings courtesy of OneKey® MLS as distributed by MLS GRID

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