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Negotiated below asking price on behalf of investor for best priced 3 bedroom in the area and purchased with tenants in place at 4% cap rate, managed the renovations while owner was abroad, and raised the rent by 32%, which increased the cap rate to 6%.

11 Gates Ave , Brooklyn, NY 11238
  • Commercial
    Status
  • 3
    Bedrooms

Features & Amenities

Area & Lot

  • Status: Commercial

Interior

  • Total Bedrooms: 3

Negotiated below asking price on behalf of investor for best priced 3 bedroom in the area and purchased with tenants in place at 4% cap rate, managed the renovations while owner was abroad, and raised the rent by 32%, which increased the cap rate to 6%.

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