Property Listing No Longer Available for Sale

2341 Coney Island Ave, Brooklyn, NY

Others for Sale - $2,449,000

Property Info

  2341 Coney Island Ave
  Brooklyn NY 11223
UpdatedMay 6th, 2018

Property Description

Under construction. Estimated completion work and deliver C of O is beginning of 2019 yr. Can be bought together with 2343 Coney Island Ave. Great for owner user or investor or 1031 Exchange. Will be showing 2345 Coney Island Ave as a sample. ground level 2000 sq-ft plus basement is commercial unit, second floor is 3 beds plus office ( 4 beds) and 2 fullsize baths, terrace. third floor is 3 beds plus office (four Beds) and 2 fullsize baths and balcony. All apartments will be delivered with ready and move in condition, stainless appliances; microwave, dishwasher, stove, fridge, cloths washer and drier hook up. Apartments and store will have separate meters for gas and electricity. Store can be rented for $6000 per month ($72000 per year) including the basement. Apartments can be rented each for $2700 per month ( $32,400). Gross Income projected is $136800 per year. Projected expenses are ; 11000 taxes, $2500 insurance, $3000 water and sewer. Projected NOI is $120,300. Cap rate is 5%.<br />

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