High Class Realty SB is pleased to offer the sale of a fully remodeled, newly constructed and entirely custom-built community facility Condo unit located at 6214 24th Ave in the Bensonhurst/Mapleton section of Brooklyn. The subject property is situated at street level of a seven-story condominium building, and totals a whopping 8059 square feet. Potential buyers will find themselves falling in love with the lively neighborhood, which has come to be known as the multi-cultural hub of Southwest Brooklyn. Due to its family-friendly vibe, easy access to transportation, shopping and low crime rates, homes in the Bensonhurst area are often in high demand, making this sale an excellent opportunity for both investors and users. Commencing April 1, 2019, the annual gross rent for the unit will be
$ 225,101, putting the cap rate at 7% and the overall value at $2,899,000. This price would be under $360 per square foot, which is ultimately well below cost. Two parking spots in the garage are available for $50K each. The lease would continue through March 31, 2025 and reflect an annual rent increase of 3%, with the tax abatement until June 30th, 2033. This is an amazing and unmissable investment opportunity offered by Sponsor.
Listing courtesy of High Class Realty SB LLC.
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