Price
$ 1,490,000

125 Neptune, Brooklyn, NY 11235  

125 Neptune, Brooklyn, NY 11235  

A large 2,900 Sq. Ft, 3 Family detached building conveniently located in the Prime of South Brooklyn, on the Northern side of Neptune Ave between E 11th and E 12th Streets, steps away from all the shopping, transportation, schools, houses of worship, parks, few blocks away from the sandy beach and both promenades - Manhattan/Brighton Beach and Emmons Avenue, with all the attractions and restaurants. The building consists of 5 BDR, 4 BDR and 4 BDR apartments. The property is in a great condition and 100% occupied. The Gross Annual Income (GAI) is $84,288. Total Annual Expenses are $16,942. Net Operating Income (NOI) is $67,346 with CAP Rate 6.73%. Tenants pay electric, gas and hot water bills individually. Property also comes with 5,750 buildable Sq. Ft. of additional air rights. It is a perfect opportunity for the owner/user or savvy investor to purchase this money making property"

Read More
Listing Type
Single Family
Listing ID
412390
Lot Size
25x70
Listing Status
Active
County
Kings (Brooklyn)
Full Bath
3
Listing courtesy of Property Zone Realty Inc.
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX REAL ESTATE PROFESSIONALS
    261 4th Ave Brooklyn, NY 11215 | Phone: (718) 532-2000
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.