20 Court Street
Stapleton
Ownership
Multi-Family
Lot Size
183'x120'
Status
Active
Real Estate Taxes
[Per Annum]
$ 62,554
Building Size
155'x80'
Year Built
1947
ASF/ASM
24,800/2,304
Property Description
This package deal includes two garden apartment buildings with a total of 24 units: one building has 16 units, and the other has 8 units. There is a total of 14 garages, with 10 built-in and 4 detached. The total square footage of the buildings is 31,250 square feet (24,800 square feet for the 16-unit building and 6,450 square feet for the 8-unit building). Both buildings are constructed of brick and feature large apartments with hardwood floors throughout. There are total (8 one bdr, 13 two bdr and 3 three bdr) apartments and are in an excellent condition. The current rent roll for the buildings is 751,068, generating a positive cash flow of 535,418. This indicates a capitalization rate (cap rate) exceeding 10 pct, which suggests a strong return on investment. Income and expenses breakdown available upon request.
This package deal includes two garden apartment buildings with a total of 24 units: one building has 16 units, and the other has 8 units. There is a total of 14 garages, with 10 built-in and 4 detached. The total square footage of the buildings is 31,250 square feet (24,800 square feet for the 16-unit building and 6,450 square feet for the 8-unit building). Both buildings are constructed of brick and feature large apartments with hardwood floors throughout. There are total (8 one bdr, 13 two bdr and 3 three bdr) apartments and are in an excellent condition. The current rent roll for the buildings is 751,068, generating a positive cash flow of 535,418. This indicates a capitalization rate (cap rate) exceeding 10 pct, which suggests a strong return on investment. Income and expenses breakdown available upon request.
Listing Courtesy of Robert Defalco Realty
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Apartment Features
Exposed Bricks
Hardwood Floors
Building Details [20 Court Street]
Ownership
Multi-Family
Block/Lot
522/34
Building Size
155'x80'
Zoning
R3-2
Year Built
1947
Floors
2
Lot Size
183'x120'
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: 494514