Incredible investment opportunity featuring recently renovated apartments, a store, and reliable, high-paying tenants.
The property also boasts a new roof in excellent condition. - Lot dimensions are 20 feet by 97.5 feet - Building dimensions are 20 feet by 55 feet - Each floor has 1100 square feet of space, with a full basement for a total of 3300 square feet - Property taxes amount to $6,403.52 - Insurance costs $3,469.00 - Water bill is $900.00, with 25% paid by the store - Annual oil heat expenses are approximately $4000 - Store rent is $2,513.27 and lease expires on December 31st, 2025, with a 5-year option - Front apartment with 2 bedrooms rents for $1,500.00 and lease expires on December 31st, 2025 - Rear studio apartment rents for $950.00 with no lease.
4820 Avenue N is located in Old Mill Basin, Brooklyn. It is a residential area with a mix of businesses and houses, offering a glimpse into the daily life of New Yorkers in this vibrant borough.
4820 Avenue N North, New York, (Flatlands), NY, 11234
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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