1088 Herkimer St, Brooklyn, New York, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$1,050,000

1088 Herkimer St
Brooklyn, New York, United States

Listed By: Realtyww Info

Listed On: 06/22/2023

Listing ID: GL9927424 View More Details

Description

1088 Herkimer Street is a six-unit building located in a prime location. All of the units are Rent Stabilized, which ensures that there is a steady income stream for investors. At full occupancy, the potential rental income for the building is $100, 000, but there is potential for even higher returns for the right investor.3/6 units will be delivered fully vacant. 3/6 of the tenants currently pay rent on time. The building needs some work, this presents a great opportunity for investors to add value and increase the potential rental income. Each unit in the building has two bedrooms, making it an ideal investment for those looking to cater to families or roommates. The building has a total area of 4, 410 square feet + a full basement and is built 24.5 x 60 on a 98-foot lot. The building comes with a detached three-car indoor parking garage, which is a great addition for tenants who own cars.The building is zoned R5B, which means that it is located in a residential area with medium density. This makes it an attractive investment opportunity for those looking to invest in a stable income-producing property in a desirable location.

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Listed by: Oxford Property Group