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View of apartment building / complex

Aerial view of property's location featuring property parcel outlined

Map of property location

Dining area with dark wood-style flooring

Bedroom with dark wood finished floors and a ceiling fan

Bedroom with tile patterned floors, a ceiling fan, a textured ceiling, radiator heating unit, and crown molding

Kitchen featuring freestanding refrigerator, hanging light fixtures, and light countertops

Hall featuring a textured wall, ornamental molding, tile patterned floors, and arched walkways

Aerial view of property's location

Corridor with concrete block wall, light floors, and ornamental molding

Staircase featuring concrete block wall

View of property location

View of property location featuring property boundaries highlighted

Kitchen featuring white range with gas stovetop, decorative backsplash, and brown cabinets

Bathroom with vanity and shower / tub combo with curtain

View of apartment building / complex

Hall with dark floors, concrete block wall, and crown molding

Hallway with tile patterned floors

View of property location with property boundaries highlighted and industrial structures

Detailed view of mail area and a fire alarm

View of property

Aerial overview of property's location featuring property parcel outlined

Aerial map of property and surrounding area

Aerial view of property's location

View of apartment building / complex featuring a fenced front yard

View of building exterior

View of apartment building / complex

View of apartment building / complex

Aerial map of property and surrounding area

Map of property location

View of apartment building / complex

View of apartment building / complex featuring a fenced front yard

View of building exterior with a fenced front yard

View of apartment building / complex

View of apartment building / complex

View of apartment building / complex

Bedroom with hardwood / wood-style floors and a ceiling fan

Living area with wood-type flooring

Aerial view of property and surrounding area with property parcel outlined

Aerial overview of property's location featuring property parcel outlined

Aerial view of property and surrounding area featuring property parcel outlined

Aerial overview of property's location

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Description

Calling All Investors, Developers & End-Users!!! 9.71 Cap 24 Unit Apartment Building With R5 Zoning In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 8’ Ceilings, R5 Zoning, (4) 2 Br. Apts., (16) 1 Br. Apts., (4) Large Studio Apts., All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Just Off Jamaica Ave., 2 Blocks From Rockaway Blvd. & Minutes From Woodhaven Blvd.!!! Neighbors Include Chase Bank, USPS, Stop & Shop, Century 21, YMCA, Boost Mobile, Dunkin’, Wendy’s, McDonald’s, Subway, Papa John’s, White Castle, KFC, +++!!! The Building Has 60 Feet Of Frontage On Grant Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Unit 1A (2 Br. Apt.): $21,600 Ann.; Lease Exp.: 4/30/26. Unit 2A (2 Br. Apt.): $18,469.56 Ann.; Lease Exp.: 7/31/26. Unit 3A (2 Br. Apt.): $13,932.48 Ann.; Lease Exp.: 9/14/26. Unit 4A (2 Br. Apt.): $20,053.20 Ann.; Lease Exp.: 1/14/26. Unit 1B (1 Br. Apt.): $14,697.12 Ann.; Lease Exp.: 1/31/27. Unit 2B (1 Br. Apt.): $14,002.08 Ann.; Lease Exp.: 10/14/26. Unit 3B (1 Br. Apt.): $17,113.92 Ann.; Lease Exp.: 7/31/25. Unit 4B (1 Br. Apt.): $18,082.68 Ann.; Lease Exp.: 12/31/26. Unit 1C (1 Br. Apt.): $17,598.84 Ann.; Lease Exp.: 3/14/26. Unit 2C (1 Br. Apt.): $15,735.12 Ann.; Lease Exp: 7/31/26. Unit 3C (1 Br. Apt.): $17,972.28 Ann.; M-M. Unit 4C (1 Br. Apt.): $37,800 Ann. (Available) Unit 1D (1 Br. Apt.): $20,002.32 Ann.; Lease Exp.: 9/30/26. Unit 2D (1 Br. Apt., Super): $17,286.36 Ann.; Lease Exp.: 6/30/26. Unit 3D (1 Br. Apt.): $17,144.88 Ann.; Lease Exp.: 12/31/26. Unit 4D (1 Br. Apt.): $11,987.64 Ann.; Lease Exp.: 11/30/27. Been Here 45 Years. Unit 1E (1 Br. Apt.): $15,115.92 Ann.; Lease Exp.: 4/13/26. Unit 2E (1 Br. Apt.): $14,290.44 Ann.; Lease Exp.: 2/28/26. Unit 3E (1 Br. Apt.): $14,540.16 Ann.; Lease Exp.: 9/30/26. Unit 4E (1 Br. Apt.): $14,805.60 Ann.; Lease Exp.: 10/31/26. Unit 1F (Studio Apt.): $24,480 Ann. (Available) Unit 2F (Studio Apt.): $24,480 Ann. (Available) Unit 3F (Studio Apt.): $16,500 Ann.; Lease Exp.: 1/30/27. Unit 4F (Studio Apt.) $16,629.48 Ann.; Lease Exp.: 7/14/26. Expenses: Oil: $17,000 Ann. Electric: $980 Ann. Maintenance & Repairs: $250 Ann. Insurance: $12,023 Ann. Water & Sewer: $16,000 Ann. Taxes: $87,075 Ann. Total Expenses: $133,328 Ann. Pro Forma Gross Income: $434,320.08 Ann. Pro Forma Net Operating Income (NOI): $300,992.08 Ann. (9.71% Cap!!!)

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Parking

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Taxes

MLS Number: 929965

Listing Provided By: Richard Matt Shane – (516) 279-8828 – matthewshane8828@gmail.com

All Island Estates Realty Corp – (516) 783-5600 – judith@allislandestates.com