986 Rutland Road Brooklyn, NY 11212
Commercial Building
MLS #: 11242997
Courtesy Of Oxford Property Group
Property InformationDescription
Introducing 986 Rutland Road an investment property in the heart of East Flatbush on a busy intersection / corner property. The property is built 20 90 on a 100 corner lot. The sqFt above grade is 5400 and a 1800sqFt bsmt which can be used for storage / amenities for a total of 7200sqFt. All the apartments are Free Market and all tenants are paying on time. The monthly Rent Roll is 12,890 for a grand total of 154,680 yearly while the total yearly expense is 48,945. The current NOI is 105,735 with upside in potential for a new owner to come in and raise the rents. The capitalization rate is currently 6.5% negotiable for qualified buyers who can close. Access is possible
Features
- Architecture Style: Other
- Building Units: 0
- Floors: 0.0
- MLSID: 11242997
- Number of Rooms: 0
- Roof Type: Unknown
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