196 Lawrence AvenueBrooklyn, NY 11230

Description

Excellent investment opportunity at 196 Lawrence Street! Recently renovated six unit property generating approximately $144,000 in annual income, with approximately $40,000 in annual expenses. Features a finished basement with walk-in access and windows. Well-maintained, income-producing property offering strong cash flow and excellent investment potential. A great opportunity for investors. New leases for 2 years in place Ownerf iling to remove the DHCR and rent controll on the building Air rights to add aditional floor and a half.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1931

Building area

5,006 Sq Ft

Lot size

0.05 acres

Days on market

28

MLS^® Listing#

1059104

Property Features

Cooling

Wall/Window Unit(s)

Heating

Steam

Basement

Finished · Walk-Out Access

Parking

No Garage · None

Construction

Brick

Utilities

Natural Gas Available · Electricity Connected · Natural Gas Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$17,739

Assessed value

$515,250

Parcel number

05423-0041