6214 24th Avenue, Unit MO
6214 24th Avenue, Unit MO
Sold 7/2/20
Sold 7/2/20
Description
$ 225,101, putting the cap rate at 7% and the overall value at $2,899,000. This price would be under $360 per square foot, which is ultimately well below cost. Two parking spots in the garage are available for $50K each. The lease would continue through March 31, 2025 and reflect an annual rent increase of 3%, with the tax abatement until June 30th, 2033. This is an amazing and unmissable investment opportunity offered by Sponsor.
Amenities
- Elevator
- Garage
- Midrise
Location
Property Details for 6214 24th Avenue, Unit MO
| Status | Sold |
|---|---|
| MLS ID | 426392 |
| Days on Market | 64 |
| Taxes | $2,943 / year |
| Common Charges | - |
| Min. Down Pymt | - |
| Total Rooms | - |
| Compass Type | Condo |
| MLS Type | Commercial |
| Year Built | 2007 |
| County | Kings County |
Building
6214 24th Ave
Location
Building Information for 6214 24th Avenue, Unit MO
Payment Calculator
$13,616 per month
30 year fixed, 7.25% Interest
$13,371
$245
$0
Property Information for 6214 24th Avenue, Unit MO
- Block: 6557
- Number Of Stories: 7
- Cross Street Name: 62 STREET
- Cross Street Name: 63 STREET
- Zoning: R4-1
- Roof: Tile
- Water Front Present YN: No
- Parking Attributes: 2 Spaces
- Parking Feature Single: Other
- Financing: 1031 Exchange, Bank Mortgage, Cash
- Tax Amount: 2943.0
- Gross Expense: 15968.0
- Gross Income: $225,101.00
- Miscellaneous Expense: 13025.0
- Cap Rate: .07%
- Sq Ft Total: 8059
- Lot Number: 1101
- Lot Size Irregular YN: No
- Lot Size Length: 100
- Lot Size Width: 90
- Commercial Condo YN: Yes
- Heat Delivery: Hot Air
- Heating Fuel: Electric
- AC Units: 5+
- Utilities: Septic, Sewer, Sprinkler System, Water, Other
- Basement Amenities: None
- Commercial Features Interior: Fire - Smoke Alarm, Fire - Standpipe, Fire Sprinkler, Handicap Design, Lobby, Lobby – Security, Security Alarm
- Foundation Details: Poured Concrete
- Flooring: Ceramic, Linoleum
- Unit Count: 1
- Unit Number: MO
- Lavatories: 4+
- Construction Materials: Block
- Electric: 110 V, 220 V, Other
- Ceiling Height: 8-10 Foot
- Exterior: Other
- Commercial Features Exterior: None
- Handicap Access YNU: Yes
- Building Footprint Sq Ft: 9000.0
- Building Length: 100.0
- Building Type: Detached
- Building Width: 90.0
- Unit Category: Store
- Unit Ceiling Height: 8'7"
- Unit Current Rent: 18758.48
- Unit Floor: 1
- Unit Heat Type: $
- Unit Increase Per Year Amount: $3.00
- Unit Increase Per Year Type: %
- Unit Number Of Units: 1
- Unit Occupant: HAND IN HAND FAMILY SERVICE
- Unit Security Deposit Amount: $36,000.00
- Unit Sq Ftper Unit: 8059.0
- Unit Status: Leased
- Unit Unit Type: Other
- Unit Water Sewer Type: $
- Net Operating Income: 209133.0
- Sale Type: Arm's Length
- Tenant Lease End Date: 03-31-2025
- Tenant Monthly Rent: $18,758.00
- Certificate Of Occupancy YN: Yes
- Owner Occupied: No
- Years Remaing On Lease: 5.0
- Rent Income: 225101.0
Property History for 6214 24th Avenue, Unit MO
| Date | Event & Source | Price | Appreciation | Link |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6214 24th Avenue, Unit MO
Schools near 6214 24th Avenue, Unit MO
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 226 Alfred De B Mason PublicPK to 8 | ||
James Madison High School Public9 to 12 | ||
Mark Twain is 239 for the Gifted and Talented Public6 to 8 | ||
Liberation Diploma Plus Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of High Class Realty SB LLC.
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