New apartment building in the Brooklyn area.
Description
The property is comprised of two contiguous 4-story walk-up buildings. Together, the building spans approximately 904 m² and consists of 12 units and two laundry rooms. Including:
- 8 apartments with 2 bedrooms
- 2 apartments with 3 bedrooms
- 2 apartments with 4 bedroom
Property benefit
A 421-A tax abatement for a remainder of 14 years.
The cost of the property is $ 6,500,000.
Current yield: 5,3%
Absolute annual income: $ 343,254
Property location is within close proximity to Prospect Park, Prospect Park Zoo, Botanical Garden, Brooklyn museum and many more.
Brooklyn is the second most popular neighborhood in New York after Manhattan, with a population of 2.5 million.
New York is one of the most famous cities in the world, where financial institutions, numerous historical and cultural attractions, museums, shops, theaters are concentrated.
As a financial center, New York is a city with the most liquid stock markets in the world. This is facilitated by high investor confidence, which is manifested in large volumes of foreign direct investment (FDI).
New York is chosen to host its headquarters for organizations like Citigroup, J. P. Morgan Chase & Co., American International Group, Goldman Sachs Group, Morgan Stanley, Merrill Lynch, etc.
In the city there are such exchanges as the New York Stock Exchange, NASDAQ, the American Stock Exchange, the New York Commodity Exchange. The New York financial industry focuses on Wall Street in lower Manhattan.
