Description
This deal is for the Sophisticated Investor! 5 COOP Apts, fully rented and are under rent stabilization guidelines. Once the tenants leave, the apts. become free market and can be sold or rented for one year! Apts now show a loss every year, but are priced well under market value for sale! Rental Income $49,056 yr- Maintenance $59,269 Yr . Loss $10,213 year. Apts. are registered with DHCR. 4 two bedrooms and 1 one bedroom. Coops are at 32 E Broad St & 33 E Grand St. , behind it, same complex. Maintenance is 50% Tax deductible. To make the most gains on this, you can renovate one at a time and resell! Great Location, walk to all shopping on Gramatan Ave and you also have the Metro Station 2 blocks away! Complex is managed by Stillman Management.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
This deal is for the Sophisticated Investor! 5 COOP Apts, fully rented and are under rent stabilization guidelines. Once the tenants leave, the apts. become free market and can be sold or rented for one year! Apts now show a loss every year, but are priced well under market value for sale! Rental Income $49,056 yr- Maintenance $59,269 Yr . Loss $10,213 year. Apts. are registered with DHCR. 4 two bedrooms and 1 one bedroom. Coops are at 32 E Broad St & 33 E Grand St. , behind it, same complex. Maintenance is 50% Tax deductible. To make the most gains on this, you can renovate one at a time and resell! Great Location, walk to all shopping on Gramatan Ave and you also have the Metro Station 2 blocks away! Complex is managed by Stillman Management.
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