190 Throop Ave. Brooklyn, NY 11206 Stuyvesant Heights, Brooklyn, NY

$1,700,000
For Sale
Property type: Mixed-Use
Gross (Sq Ft)
4000
Units
4

Summary

  • Lot Size: 2500 Sq Ft
  • Year Built: 1931
  • Zone: R6A
  • Block/Lot: 1732/24
  • Stories: 3

Description

2 apartments and 2 commercial rentals.  The rent for each store is 1300 a month and they each pay their own electric and seller provides water. The stores do not use gas.

2nd floor apt pays $1,090 a month and pays their own gas and electric.

3rd floor apt pays $1,100 a month and their own electric.  Gas to stove provided by owner.

The water and sewer bill for the bldg is paid quarterly and averted about 600.

The bldg is heated by a gas boiler and the monthly bill is now $248.00 because owner keeps thermostat at 74 degrees.

The bldg electric bill averages between $40-50 a month.

Taxes on the bldg are now $7200 because the city keeps raising it every year due to raising property values.

Tenants do not have leases.

Rents are way below market value because there have been no rent increases since 2009.

Mixed Use.  Expandable to 7200 or 7400 square feet. Lot size is 25×100.

The building is not listed with the city as rent controlled or rent stabilized.

There are currently 2 new buildings going up within 100 feet.  First one is across the street and is 50+ units and the second is down the street at 30 units.

The current rent roll is $57,400 with expenses of 13,176.  Expenses have roughly doubled in the past 10 years but rents remained the same.

Price: $1,700,000 + 3% broker fee paid by buyer

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen Giles is a New York Licensed Real Estate Salesperson, in association with Gold Rock Realty, a New York Licensed Real Estate Broker. Rowen represents Buyers and Sellers of single and multi-family residential homes, as well as apartment buildings and mixed-used commercial properties anywhere in the State of New York. When it comes to the complexities of selling real estate, no one is more qualified than Rowen. Prior to real estate, Rowen was a computer systems engineer and technology manager for 18 years working for small and large fortune 500 companies, including stints at Microsoft Corporation and the Federal Reserve Bank of New York. Rowen’s career in technology saw many challenges such as sizing large technical infrastructure, solving complex technology problems, and deploying sophisticated software solutions. Rowen met each challenge with success as a result of careful planning, organizing, directing and managing. Rowen is a results-driven and highly organized professional with strong attention to details. Once a property is on the market,…