194 Nassau Avenue

Whole building will be delivered vacant.4 Family plus Commercial space (currently being used as medical office). Lot size 25x100, Building size 25x65,- 4,875 sqft. Zoning C2-4/R6B. Mint condition. Roof was fixed 4 years ago, plumbing and electric around 11 years ago, boiler for the apartments around 14 years old, boiler for commercial space 4 years old.Projected rent for Four 2 bedroom apartments -122K annually, for the commercial space 66K annually = 188K . Projected expenses 20K that includes Property Tax of $8,500.Projected Net Operating Income $168 thousand annually. Projected Cap Rate 7.5.Excellent investment property located on one of the busiest Avenues in Greenpoint.