About 4721 Church
Flatbush Prime Corner 3 story Building
3 stores and 8 apartments. Apartments are free market rent.
Each apartment has their own heating, hot water tanks, air conditioning and are paid by tenants.
Store #1 - Corner Bakery - $7,576. Lease Exp: 2/2030
Store #2 - Smoke Shop - $5,409 Lease Exp: 3/2030
Store #3 - Church - $2,784
All Stores have a 3% Increase per annum
Apartments: 2/1 Bedroom - 4/2 Bedrooms - 2/3 Bedrooms
Apt 1 - 1 Bedroom, 1 Bath $2,484 Sec 8
Apt 2 - 1 Bedroom, 1 Bath $2,057 Sec 8
Apt 3 - 2 Bedrooms, 1 Bath $2,762 Sec 8
Apt 4 - 2 Bedrooms, 1 Bath $2,762
Apt 5 - 2 Bedrooms, 1 Bath $2762 Sec 8
Apt 6 - 2 Bedrooms, 1 Bath $2,762 Sec 8
Apt 7 - 3 Bedrooms, 2 Baths $3,084
Apt 8 - 3 Bedrooms, 2 Baths $3,220
Apartments have their own heating, hot water tanks, air conditioning and are paid by tenants.
Taxes: $77,075. Insurance: $9,000 Electric: $1,500 Water: $6,800 Repairs: $8,000 Payroll: $8,000 Heat,, A/C, Gas Pd by Tenants
Gross Income $451,944 Net Income $355,063 Cap Rate 6.8
