Mixed-Use (One Residential plus One Commercial)
-An art studio currently occupies the commercial space.
-The VACANT residential unit on the second floor is roughly 1000 square feet, currently set up as a two-bedroom apartment.
-There is off-street parking and/or a backyard on the building's alternate entrance on Kosciuszko Street.
*Zoning/Lot*
-C4-4L, EC-4 (Equivalent to R7)
-19.5 x 73.5 Lot (1630 sqft.)
*Annual Expenses*
-Taxes - $1,500
-Fuel/Heat - $7,100
-Electric (Common) - $2,500
-Water/Sewer - $2000 (Estimate)
-Insurance - $2,000 (Estimate)
Total Annual Expenses - $15,100
*Potential Income*
Residential Unit - $2,600/month
Commercial - $3,900/month (existing rent)
Gross Income - $78,000 annually.
Cap Rate - 5.7%
Simply adding bedrooms to the residential unit allows for a quick value-add potential.
*1134 Broadway can be sold with 911 Dekalb Avenue for $2,650,000. Please inquire about the set-ups for both buildings.*
