256 Withers St

PRIME GREENPOINT/WILLIAMSBURG – 6-FAMILY INVESTMENT OPPORTUNITY Exceptional and well-maintained 6-family brick building featuring 3 rent-stabilized units and 3 free-market apartments, with a strong rental income of $10,145/month ($121,746/year) — all on month-to-month leases. Each spacious residential unit averages 938 sq ft with 2 to 3 bedrooms, exposed brick, and hardwood floors. The market-rate apartments have been completely renovated to high standards. Property Features: Zoning: R6B Building Size: 25 ft x 75 ft Lot Size: 23.58 ft x 98.33 ft Private enclosed backyard Clean building with no violations Unbeatable location just minutes from the L Train at Graham Ave and surrounded by top-rated restaurants, shops, and all neighborhood conveniences. NDA & Proof of Funds required for full details. Huge price reduction

• neighborhood: Greenpoint
• Area: Brooklyn
• MLS Number: 494295
• flooring: Hardwood
• roof: Flat
• Open House: No
• Featured Listings: Yes
• Additional Information: Co-broker: Siu Yee Shum (Venus)
• Rental: No

Interior Features

256 Withers St, Brooklyn Expense and Income

INCOME

APT  1 (1R)                                                                          $             1,807                    FAIR MARKET

APT  2 (1L)                                                                          $             769.61                 RENT STABLIZED

APT 3 (2R)                                                                           $             1,669.14              RENT STABILIZED

APT 4 (2L)                                                                            $             899.78                 RENT STABILIZED

APT 5 (3R)                                                                           $             2,600                    FAIR MARKET

APT 5 (3L)                                                                            $             2,400                    FAIR MARKET

TOTAL                                                                                   $             10,145.53           MONTHLY

                                                                                                $             121.746.36         ANNUAL

EXPENSES

Water                                                                                    $             7,720

Gas                                                                                         $             7,208

Electricity (Common Areas)                                         $             831

Real Estate Taxes                                                               $             15,312

Insurance                                                                            $             5,467

TOTAL                                                                                   $             36,538                 ANNUAL

TOTAL INCOME                                                                 $             85,208.36           ANNUAL NET