550 E 88th St
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550 E 88th St
3 Unit Apartment Building $1,501,101 CAD ($500,367 CAD/Unit) 6.77% Cap Rate Brooklyn, NY 11236
Investment Highlights
- Near various shopping centers and ways of transportation.
Executive Summary
Positive cash flow!!!
This amazing solid brick, renovated and meticulously maintained multi-family dwellings located on a quiet tree-lined block, near BJ's, countless convenient shops, L train station and bus stops. This gem offers a blend of all stainless steel appliances, new windows, new hot water heater, hard wood floorings throughout, granite counter tops and some modern light fixtures.
Top floor features three large bedrooms, a massive living room, eat-in-kitchen, full bath and lots of closets. Middle floor offers a front porch, two huge bedrooms, a spacious living room, eat-in-kitchen, full bath, contemporary light fixtures and ample closets. The lower level consists of everything brand new and spectacular which includes a living room, eat-in-kitchen, full bath, two rooms, enclosed rear yard, a private drive + built-in-garage. A must see to believe. Please, do not disturb any of the tenants!
This amazing solid brick, renovated and meticulously maintained multi-family dwellings located on a quiet tree-lined block, near BJ's, countless convenient shops, L train station and bus stops. This gem offers a blend of all stainless steel appliances, new windows, new hot water heater, hard wood floorings throughout, granite counter tops and some modern light fixtures.
Top floor features three large bedrooms, a massive living room, eat-in-kitchen, full bath and lots of closets. Middle floor offers a front porch, two huge bedrooms, a spacious living room, eat-in-kitchen, full bath, contemporary light fixtures and ample closets. The lower level consists of everything brand new and spectacular which includes a living room, eat-in-kitchen, full bath, two rooms, enclosed rear yard, a private drive + built-in-garage. A must see to believe. Please, do not disturb any of the tenants!
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | $3,827 CAD | 1,430 |
| 2+1 | 2 | $3,260 CAD | 1,429 |
| Studios | 1 | $3,118 CAD | - |
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Walk Score ®
Very Walkable (79)
Transit Score ®
Excellent Transit (86)
zoning
| Zoning Code | R4 (Residential) |
| R4 (Residential) |
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550 E 88th St
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