612 Ocean Ave. #0

Spectacular Investment Opportunity!
Two Gorgeous 6-Story Brick Buildings Sold as Package
Immaculately Maintained and Renovated

Spectacular Prospect Park South/Ditmas Park Location
Steps to Prospect Park and Express B and Q Trains

612 Ocean Avenue:
Building Dimensions: 87.5Ft x 197Ft
Lot Dimensions: 87.5Ft x 251.5Ft
R7A Zoning

Apartments: 82
Rent Roll: $ 963,000

Taxes: $ 110,000
Water: $ 80,000
Maintenance: $ 20,000
Total: $ 210,000

Boiler: Gas 1995
Note: Mix of 1, 2, and 3
Misc. 2 Elevators / Laundry Room, $30,000 Lobby Renovation, Full Block Extension from Ocean Avenue to East 19th Street

Mortgage: Assumable $ 4,200,000 at 5.5%

700 Ocean Avenue:
Building Dimensions: 150Ft x 125Ft
Lot Dimensions: 150Ft x 141.5Ft
R7A Zoning

Apartments: 66
Rent Roll: $ 758,000

Taxes: $ 90,000
Water: $ 65,000
Maintenance: $ 20,000
Total: $ 175,000

Boiler: #2 Oil 1990
Note: Larger Apartments, Many 3 BR/2BA
Misc. Elevator / Laundry Room

Mortgage : Assumable $ 4,600,000 at 5.5%

Price for Both Buildings: $ 19,200,000
Cap. Rate: 6.9%