393 Bleecker Street, Brooklyn, NY 11237

The building contains 6 two bedroom apartments. All of the apartments are currently occupied. The building size is 25 by 72. The lot size is 25 by 100. The roof is 4 years old. The boiler and hot water tank are gas operated. The yearly real estate taxes is approximately $7200. The yearly water/sewer is approximately $6500. The yearly property insurance is approximately $3600. The yearly gas bill is approximately $6000. The yearly electric bill is approximately $1200. The yearly apartment gross income is approximately $82,000. The owner also collects approximately $15,000 each year for the rental of storage space. This transaction requires a purchaser who is prepared to negotiate buy out agreements with the tenants in order to maximize the rental income. The building is in good condition. All of the apartments need to be updated and modernized. Our client has requested that we perform due diligence prior to showing the property to any prospective purchaser.