472 E 95th St
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472 E 95th St
8 Unit Block of Flats £1,036,746 (£129,593/Unit) 8% Net Initial Yield Brooklyn, NY 11212
Investment Highlights
- Assumable Mortgage 4% Interest expires in 2037
- great basis / cash on cash return
- low rents + high DHCR
Executive Summary
Introducing 472 East 95th Street a well-maintained & massive (8000sqFt) eight family in the up & coming East Flatbush / Remsen Village neighborhood. The units are two bedroom apartments and all the long term tenants pay every month on the first of the month and have been doing so for the last 10+ years that the current owner has owned this building.
The current Rent Roll is $172,600 with average rents being $1500-2000 cash paying tenants. The max allowable as per the up to date DHCR is $2907. Total expenses including payments for repairs & maintenance yearly are 66,000 giving this investment opportunity / building a current NOI of $106,000. This puts the building at an 8% capitalization rate an incredible opportunity for the right investor.
EXTRA: There is a substantial assumable loan / mortgage on 472 East 95th with a 4% interest rate that does not expire until 2037! Please reach out if interested in full financials and a scheduled tour.
The current Rent Roll is $172,600 with average rents being $1500-2000 cash paying tenants. The max allowable as per the up to date DHCR is $2907. Total expenses including payments for repairs & maintenance yearly are 66,000 giving this investment opportunity / building a current NOI of $106,000. This puts the building at an 8% capitalization rate an incredible opportunity for the right investor.
EXTRA: There is a substantial assumable loan / mortgage on 472 East 95th with a 4% interest rate that does not expire until 2037! Please reach out if interested in full financials and a scheduled tour.
Property Facts
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
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Walk Score ®
Very Walkable (85)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 04691-0024 | Improvements Assessment | £276,400 |
| Land Assessment | £7,042 | Total Assessment | £283,443 |
PROPERTY TAXES
Parcel Number
04691-0024
Land Assessment
£7,042
Improvements Assessment
£276,400
Total Assessment
£283,443
zoning
| Zoning Code | R6,Brooklyn,(C1) |
| R6,Brooklyn,(C1) |
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Nate Smith -
Oxford Property Group
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472 E 95th St
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