Neighborhood Ditmas ParkBuilding Type 5-story/ElevatorTotal Apartments 19Layouts 19/3Total Rooms 57Zoning R6A, R7AFAR (built/allowed) 3.59/3.0HPD Violations NoneYear Built 2009INVESTMENT HIGHLIGHTSINCOME:APARTMENTS (19 units)* $ 612,000PARKING $ 36,000STORAGE $ 27,000VACANCY/CREDIT LOSS $ (13,500)EFFECTIVE GROSS INCOME $ 661,500ESTIMATED EXPENSES:TAXES (25/26) $ 55,170WATER & SEWER $ 14,250PAYROLL/SERVICE CONTRACTS $ 23,000HEATING TENANTS PAYMANAGEMENT FEE (3%) $ 19,098ELECTRIC $ 3,960INSURANCE $ 17,500REPAIRS, MAINTENANCE & MISC ($500/unit) $ 9,500TOTAL EXPENSES $ 155,470NET OPERATING INCOME $ 519,530• 5-story elevator building consists of 19 apartments & parking garage• Parking garage is currently occupied by a single tenant• Newly expired 421a Tax Abatement - all units have proper lease riders, allowingrents to revert to market upon lease renewal• The property is located in the Ditmas Park section of Brooklyn, convenientlylocated near shopping, dining and transportation options• Within walking distance to the Newkirk Plaza Station ( trains)

Detached lot: 40 X 120, Move-In Condition17213 Sq Ft. Neighborhood Ditmas ParkBuilding Type 5-story/Elevator Total Apartments 19 Tax: $55,170

Area: Flatbush