Price
$ 1,250,000
125 Neptune Avenue, Brooklyn, NY 11235  

125 Neptune Avenue, 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 Multi-Family
  • Listing ID 412390
  • Lot Size 25x70
  • Listing Status Active
  • County Kings (Brooklyn)
  • Full Bath 3
Listing courtesy of Property Zone Realty Inc.

Price History

Date Listed at or
10/4/2017 $1,250,000 $240,000
Read More Read Less

Sold Info

Date Sold for Change
07/10/2017 $925,000 +59.5%
11/21/2006 $580,000 N/A
Read More Read Less

Houses for Sale Nearby