4721 Church Avenue
East Flatbush | Schenectady Ave & East 48th St
Ownership
Mixed Use
Lot Size
40'x92'
Status
Active
Real Estate Taxes
[Per Annum]
$ 77,000
Building Size
40'x82'
Year Built
1929
ASF/ASM
10,467/972
Property Description
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
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
Listing Courtesy of Century 21 Mizrahi Realty
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Apartment Features
Exposed Bricks
Hardwood Floors
Building Details [4721 Church Avenue]
Ownership
Mixed Use
Block/Lot
4673/35
Building Size
40'x82'
Zoning
R5
Year Built
1929
Floors
3
Lot Size
40'x92'
Mortgage Calculator in [US Dollars]
Maria Castellano
License
Licensed As: Maria Castellano
Licensed Real Estate Broker/Owner
W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 476425