12 Unit Multifamily Brighton Beach

12 unit SRO Brighton Beach built 21x47 on 25x60 lot. R6. All tenants paying on time w/vouchers. NOI 195k/year. Assumable mortgage 600k, 3.65% int, 30 yr term. Motivated seller wants to retire. Asking 2m negotiable (10% cap) Cellar: • Studio SRO — $2,676 • Rear 2-room RS apartment — $1,700 1st floor: • 1A — $1,917 • 2A — $1,917 • 3A — $1,741 • 4A — $1,741 • 5A/private room — $850 2nd floor: • 1B — $1,917 • 2B — $1,917 • 3B — $1,917 • 4B — $1,917 • 5B/private room — $850 | Expense | Annual | | ------------------------- | ----------: | | Real-estate taxes | $10,700 | | Insurance | $14,000 | | Con Edison | $780 | | Solar | $3,600 | | Heat and hot water | $8,000 | | Water and sewer | $2,772 | | **Total expenses** | **$39,852** |