986 Rutland Rd #5FAMFM, Brooklyn, NY 11212

Introducing 986 Rutland Road an investment property in the heart of East Flatbush on a busy intersection / corner property. The property is built 20x90 on a 100 corner lot. The sqFt above grade is 5400 and a 1800sqFt bsmt which can be used for storage / amenities for a total of 7200sqFt. All the apartments are Free Market and all tenants are paying on time. There are 5 apartments over one commercial (mixed use) The monthly Rent Roll is 12,890 for a grand total of 154,680 yearly while the total yearly expense is 48,945. The current NOI is 105,735 with upside in potential for a new owner to come in and raise the rents. The capitalization rate is currently 7.5% negotiable for qualified buyers who can close. Access is possible Unit Mix: two 2br, two 3br, one 4br. Store has another 4 years on the lease