911 Dekalb Ave #S, Brooklyn, NY 11221

*Three Residential Units Plus One Commercial/Restaurant)* *Free-market potential. Stable income with plenty of upside.* -The commercial space is currently occupied and renting for $7,000/month. -The owner of 911 Dekalb previously benefited from the J-51 Tax Abatement, which is why the residential units are *rent stabilized*. The tax abatement has since expired. The residential units become free-market the moment they are vacant. -The commercial space is on a 3-year lease with a 2-year option. There will be 3% increases yearly, including the option years. The tenant will also be paying one-third of the building's real estate taxes. *Annual Expenses* -Taxes - Total of $5,513 ($1,838 paid by the commercial tenant) -Fuel/Heat - $9,100 -Electric (Common) - $2,750 -Water/Sewer - $3000 (Estimate) -Insurance - $2,000 (Estimate) Total Annual Expenses - $20,525 *Actual Income* Residential Units Plus Commercial - $10,468.48/month Yearly Income - $125,621.76 Annually. Net Income- $105,096.76 *Zoning/Lot* -R6A, C2-4 -19.5 x 80 Lot (1560 sqft.) *The current cap rate for the property is 6.59%. All residential units become free-market the moment they are vacated.*