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Map
$1,377,786*
●
House -
Off Market
92 Newport Street
BROOKLYN, NY 11212
15 Beds
0 Bath
$855,000 - $1,045,000
Reference Base Price*
45.03%
Since Nov 1, 2019
NY-New York
Primary Model
About This Property
Investor's Special! 92 Newport was built in 1930 and still
maintains a solid infrastructure. It underwent TOTAL renovation in
2016 including all appliances, common areas, boilers, electric, and
roof. The building has a fairly large backyard with entry through
the basement as well as a courtyard patio with second basement
entry. The huge and clean basement can be used for anything. It
homes 2 brand new boilers and the electric meters.
There are 4 tenants with a rent roll of $6950 monthly with leases until next Spring. Each tenant has their own meter in basement for electric. Taxes are $6K annual (just raised from $5K,) which it has been for years. Insurance is $3500 a year and an optional $1M umbrella policy can be added for $1500. National Grid fluctuates from $100 a month to $400 a month depending on season. Water and sewer is $3000 annually and Con Ed for common area is about $40 a month.
Capitialization Rate - 14%
The area is up and coming with new stores and restaurants. It's also 5 blocks from the 3 train and close to the B8, B15 and B35 buses. The tenants cannot be disturbed, no showings, drive by only. This is a fantastic investment with great returns for a Brooklyn visionary. Call or email for more details!
There are 4 tenants with a rent roll of $6950 monthly with leases until next Spring. Each tenant has their own meter in basement for electric. Taxes are $6K annual (just raised from $5K,) which it has been for years. Insurance is $3500 a year and an optional $1M umbrella policy can be added for $1500. National Grid fluctuates from $100 a month to $400 a month depending on season. Water and sewer is $3000 annually and Con Ed for common area is about $40 a month.
Capitialization Rate - 14%
The area is up and coming with new stores and restaurants. It's also 5 blocks from the 3 train and close to the B8, B15 and B35 buses. The tenants cannot be disturbed, no showings, drive by only. This is a fantastic investment with great returns for a Brooklyn visionary. Call or email for more details!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1930
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 28, 2020 | Sold to Suraj I Daswani | $890,000 | |
Sold to Suraj I Daswani | |||
Oct 25, 2019 | No longer available | - | |
No longer available | |||
Sep 29, 2019 | No longer available | - | |
No longer available | |||
Sep 27, 2019 | Listed | $950,000 | |
Listed | |||
Aug 16, 2019 | Listed | $950,000 | |
Listed | |||
|
|||
Investor's Special! 92 Newport was built in 1930 and still
maintains a solid infrastructure. It underwent TOTAL renovation in
2016 including all appliances, common areas, boilers, electric, and
roof. The building has a fairly large backyard with entry through
the basement as well as a courtyard patio with second basement
entry. The huge and clean basement can be used for anything. It
homes 2 brand new boilers and the electric meters.
There are 4 tenants with a rent roll of $6950 monthly…
|
Show More
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
7
Beds
4
Baths
-
$999,999
Jan 24, 2022
$999,999
Apr 7, 2022
$551/mo
Multifamily
8
Beds
6
Baths
-
$920,000
Jun 29, 2019
$920,000
Feb 4, 2020
$293/mo
Sold
Multifamily
7
Beds
4
Baths
-
$999,000
Sep 15, 2021
$999,000
Feb 7, 2022
$770/mo
Sold
Multifamily
7
Beds
6
Baths
-
$890,000
Jan 19, 2021
$890,000
Jun 25, 2021
$422/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/27/2019
|
|
15 Bed
|
-
|
-
|
$950,000
15 Bed
-
|
$890,000
-6.32%
04/28/2020
|
Joshua Rich
|