Albert Wilk broker of Wilk RealEstate Ltd. New-York and Florida licences
Since 1987
Albert Wilk, Licensed Real Estate Broker in New York & Florida

218 Cumberland Street, Fort Greene, Brooklyn, NY 11205

Great investment opportunity. At $397.73 per square foot, consider this 10-unit stabilized building in the Fort Greene section of Brooklyn. It will be sold in ''As is'' condition with the tenants who are paying a monthly income of $11,208.76, annualized $134,505.12. [ Minus Annual Expenses $36,493.56 = $98,011.56 or Cap 2.8%.] If the building was operating with 10 paying tenants, the DHCR annual income would be $214,495.92 [Minus annual expenses $36,493.56 = $178,002.36 or 5% CAP.] The future income of the building will provide substantial returns and prove to be an excellent legacy investment. The building is in average condition, needs some renovation and the mechanicals are in fair shape.

218 Cumberland Street, Fort Greene, Brooklyn, NY 11205

$3,500,000
Send Request
City: Brooklyn
Total Sq./Ft.: 8800
Block #: 2101
Lot #: 14
Basement Type: Finished, Full
Bldg Size: 22 x 80
Member Cert: Yes
Floor: Hardwood, Linoleum
Est. Fuel $ Yr.: $7,500
Hot Water: Gas
Est. Insurance $ Yr.: $3,000
Lot Size: 22 x 100
Lot Sq./Ft.: 2200
# Families: 10
Owner Occupied: No
Est. Taxes $ Yr.: $17,237
Zoning: R6B
Property type: Mixed Use/Store & Family
Neighborhood: Fort Greene
Zip: 11205
Request Information
Please Call: 718-376-0606
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Listing courtesy of Coldwell Banker Reliable | MLS: 432502
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