867 53rd Street # C

Introducing this money maker, brand new construction, commercial condo in prime Sunset Park area, 1,949 sqft. It is being rented by existing tenant, and use the premise as a senior center. The first floor unit is connected with basement. Gross annual income is $186,000. 15 years abatement. Gross property tax for the unit is $1,107.12 a year. Monthly common charge is $891.04. Approximate CAP rate at 6%. Elevator building. Excellent condition. Owner financing is available with 40% down payment and finance at rate of 6%, purchaser could close within 30 days. It is conveniently located. Purchaser will be able to collect rent the same day of the closing.