2069 East 12th Street, Brooklyn, New York 11229

Property Description

Mint condition 19 unit apartment building on East 12th Street between Ave T and Ave U in prime Homecrest area. The Property has 60 feet of frontage on E 12th Street and is built 60 feet by 78 feet on a 60 foot by 105 foot R5/C1-3 lot. The Property has 4 floors and comprised of ten one-bedroom and nine two bedroom apartments with Gross Operating Income of $349,834 and Net Operating Income of $210,000 annually. The Property offers an investor an exceptional opportunity to own a building in the one of most convinient and growing neighborhoods in South Brooklyn. In general, this section of Homecrest is in constantly high demand by apartment tenants this has resulted in a low supply of available rental apartments and reliable value preservation