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ASKING PRICE (inclusive of 437 DeKalb Avenue): $4,950,000
289-295 Classon Avenue
Clinton Hill, Brooklyn, NY, 11205
Location: East side of Classon Avenue between Willoughby and DeKalb Avenues
Projected Gross Annual Income: $419,036
Projected Net Operating Income: $287,925
Description:
Four 8-family apartment buildings adjacent that are nearly identical except that 293 Classon Avenue has duplexes on the ground floor. All are in generally good condition and most have up-to-date mechanicals. Rents are mostly at or near market, but there are 2 rent-controlled units, and several are at 30% discount to market rents.
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Property Information
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Stories:
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4 each building
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Zoning:
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R6 each building
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Blocks/Lots:
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1924/5
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1924/4
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1924/3
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1924/2
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Lot Size:
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25.75’ x 78.92’
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25.75’ x 78.92’
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25.75’ x 95.00’
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25.75’ x 95.00’
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Building Size:
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25.75’ x 65.00’
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25.75’ x 65.00’
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25.75’ x 65.00’
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25.75’ x 65.00’
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Gross Square Footage:
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6,200
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6,224
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8,417
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6,734
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Assessment (06/07):
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$45,038
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$43,720
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$158,723
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$52,873
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Real Estate Taxes (06/07):
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$5,583
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$5,420
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$13,017
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$6,554
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Estimated Expenses:
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Real Estate Taxes (06/07):
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$30,574
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Insurance:
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$16,000
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Water & Sewer Charges:
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$12,409
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Utilities:
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$38,605
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Maintenance & Management
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$16,761
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Vacancy
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$16,761
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Total:
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$131,110
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