Property Description

116 Riverdale is a 3 story walk-up building containing 6 residential units in the Brownsville area of Brooklyn, NY. This Building is located on Riverdale ave, between Amboy st and Herzl st. There are 5 two bedroom apartments and 1 one bedroom apartment which was converted from a two bedroom apartment. It could easily be converted back to a two bedroom apartment. There is also a finished basement with a full bathroom, kitchen, and three bedrooms. All apartments have been remodeled within the last two years with new kitchen cabinets, flooring and paint. The building needs no work and has been well maintained!

Brownsville is a residential neighborhood located in eastern Brooklyn, New York. The total land area is one square mile, and the ZIP code for the neighborhood is 11212. Brownsville is bordered by East New York Avenue to the north (on the Bedford-Stuyvesant border), Remsen Avenue to the west (Flatbush) and the freight rail Bay Ridge Branch of the Long Island Rail Road to the south (adjacent to the neighborhood of Canarsie) & to the east (East New York).
The area is patrolled by the 73rd Precinct located at 1470 East New York Avenue. New York City Housing Authority (NYCHA) property in the area is patrolled by P.S.A. It is part of Brooklyn Community Board 16.

This property is close to the #3 TRAIN / B7 & B60 BUS

Financial Summary
Gross Annual Income: 91,944
Operating Expenses: 25,611
Net Operating Income: 66,333

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