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 is a New York Licensed Real Estate Salesperson in association with Gold Rock Realty, a licensed real estate broker. Hire Rowen as your real estate agent to represent you in the purchase, sale or lease of real estate, including residential and commercial property. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.