Four multi-family buildings for sale. All must go together.
1098 Dekalb Avenue (4-Family)
1080 Dekalb Avenue (3-Family)
522 Kosciuszko Street (3-Family)
533 Kosciuszko (3-Family)
All 13 units are occupied by rent-stabilized tenants. The owner previously benefited from the J-51 Tax Abatement. That abatement has since expired. All units revert to free market units once vacant. Tremendous upside for investors. Buildings will be delivered fully occupied.
All four buildings were purchased by the current owner in the late 90's. All buildings underwent extensive renovations during that time. i.e. new roofs, steel support beams, conversion to gas, updated electrical, new windows, etc... As apartments become vacant over time the new owner will only need to make cosmetic upgrades to the apartments.
The current gross income for all buildings is $175,932. All four buildings are within two blocks of each other and have a Tax Class 1 designation limiting increases to 6% per year and 20% over five years.
Please request more information.
