Description
363 Macon St| Stuyvesant Heights FOR SALE Asking Price: $1,600,000 PROPERTY DESCRIPTION Marina Sholosh/For sale by Owner (917)417-3038 Email:marina373@optonline.net 363 Macon street for sale. This turn-of-the century, four story townhouse offers 3200 square feet with the opportunity to build an additional 800ft2. The garden level has the potential for a two-bedroom rental with private access to the 800ft2 backyard, or for an owner’s triplex along with the full-floor cellar with seven foot ceilings. Renovation costs bring legal rents for vacant units up to market value. Boiler, roof, electrics and facade have all been recently replaced or updated. Stuyvesant Heights is red-hot and hugely popular, with exciting new restaurants, cocktail bars, and condominiums. 363 Macon St is located conveniently three blocks from the A & C trains, less than 30 minutes from downtown Manhattan. Bedford Stuyvesant/Expanded Stuyvesant Heights Historic District PORTFOLIO OVERVIEW Type Six-Family Size 3200 Square Feet aprx. Stories 4 Units 6 Residential Lot Size 20 feet x 40 feet As-Is FAR/Max FAR 1.2/2 Total BSF 4000 Zoning R6 POINTS OF INTEREST Transportation • .3 mi from Kingston Throop A train • .4 mi from Utica Ave A & C trains • .1 mi from the B15 & B26 • 15 min from Barlcays Center via public transit • 30 min from downtown Manhattan via public transit Restaurants / Bars • Emelines • Peaches • Brown Sugar • Sumner Café • Cascablanca Cocktail Lounge Parks • Fulton Park • Decatur Playgound • Jackie Robinson Park • El Shabazz Playground MONTHLY RENT ANNUAL RENT GA RS 1 bed VACANT $ 1,380 $ 16,560 1 RS 1 bed VACANT $ 1,590 $ 19,080 2F RS 1 bed month-tomonth $ 1,249 $ 14,988 2R RS studio month-tomonth $ 1,213 $ 14,556 3F RS 1 bed VACANT $ 1,374 $ 16,488 3R RS studio month-tomonth $ 1,078 $ 12,936 GROSS INCOME $ 7,884 $ 94,608 EXPENSES (2016) $5,688 Real Estate Taxes Water / Sewer Insurance Electric Gas Maintenance $3,424 $2,840 $856 $4,817 $3,000 Gross Income Current Gross Income Projected Total Expenses NOI EXISTING NOI PROJECTED $85,920 $114,880 ($20,625) $65,295 $94,255 TOTAL $20,625 POINTS OF INTEREST Transportation • .3 mi from Kingst 363 Macon St| Stuyvesant Heights FOR SALE Asking Price: $1,600,000 PROPERTY DESCRIPTION Marina Sholosh/For sale by Owner (917)417-3038 Email:marina373@optonline.net
