Description

PACKAGE DEAL WITH 44 St Nicholas Avenue
Two Six Family Buildings in Excellent Condition
Excellent location just two blocks from the Jefferson St L Train Station
Same ownership for 45 years has done an excellent job maintaining the property. Buildings Priced at an 8 Cap.

42 St Nicholas Avenue

Six two bedroom apartments:
Annual Rent Roll = $116,120 + $4,200 for two parking spaces
Expenses (including taxes) = $51,602.

44 St Nicholas Ave:

6 Family brick building Three one bedroom apartments and three two bedroom apartments. Building will come with one vacant unit that has been owner occupied since 2013. Building has full height basement that is not yet utilized.
Rent Roll = $119,588.
Expenses (including taxes) = $40,658
Listing courtesy of Compass