Prime Ditmas Park 8 unit Building w/ great income!
This massive corner building is located in Ditmas Park with close walking distance to public transportation, shopping, restaurants, house of worship and Prospect Park. Ditmas Park has seen tremendous growth in recent years in property values as well as high demand for rental units. All 8 units are very large three bedroom apartments, and all of the units are rent stabilized with excellent tenants. The building is very well maintained and well managed.
Lot size: 40' x 88.25'
Building 36' x 72' x 4 floors
Gross Income: $200,344
Cap Rate: 4.4%