Description

This corner brick mixed-use building is made up of four completely gut renovated front and back apartments and three commercial spaces.

Entire Building Completely Renovated in 2007- There is new wiring, new plumbing, a new roof and the lobby and halls have been completely renovated.

The four apartments are comprised of two 2-bedroom and two 3-bedroom units. The corner store is a vegan cafe with beer/wine license. The second commercial space is occupied as a office space for a heating/cooling contractor. The garage is occupied by a tire repair shop which is located in the building's rear extension.

Gross Annual Income: $152,369

Expenses
Taxes (2010/2011) $8,849
Insurance $3,800
Gas (Heat & Hot Water) $7,448
Water/ Sewer $4,061
Help $2,500
Electricity $2,880
Repairs and Maintenance $6,000
Total Expenses: $35,538

Net Operating Income: $116,831

Great Location in Greenpoint/ East Williamsburg.
Corner of Kingsland Avenue & Beadel Street