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Our company is specialized on investments in real estates and properties in Uruguay.
Hello my name is Gordon Meadows a new member and i would like to show the group these availble properties, NY/ NJ.
Please email for fast response.
#1
Roseville Building
140 Roseville Ave
Newark, New Jersey 07107-1612
County: Essex
Price: 11-Million
Units: 274
Stories: 10
Cap Rate: 10+
Block/Lot: 1919/34
Bldg Lot size: 127.7 x 220
Property Type Multifamily/ Med High Risers
Property Description: 9 Story 4 interconnected Building Vacant and
ready for rehab with a total of 274 units with 5 Elevators. Residential
Building one has 92 Units
Building two has 81 Units
Building three has 50 Units
Building four has 51 Units
50 units have 4 bedroom 159 units have 3 bedroom 46 units have 3
bedrooms with kitchenettes. 19 units have 2 bedrooms
This property has been vacant for over 4 years there is no Rent Roll
Location Description: Near 1-280 and Brook Park and less than 30
minutes from Manhattan New York
#2
Grand Concourse
Bronx, NY
Price 20-Million
Actual Gross Income
Residential Rent 1,467,597
Laundry Income 2,400
Parking Income 39,600
Commercial Income 13,200
Miscellaneous Income 240
Total Actual Gross Income 1,523,037
Plus: Actual Residential Vacancy 77,700
Actual Parking Vacancy 14,400
Actual Commercial Vacancy 11,800
Total Actual Vacancy 103,900
Actual Gross Potential Income 1,626,937
Amount Expenses Per Unit
188,425 27 1,128
Expenses:
Real Estate Taxes (7/03-6/04) 188,975
J-51 Tax Abatement (550)
Maintenance/Repairs: 93,458 13 560
Building Supplies 29,390
Elevator 5,000
Painting 6,859
HVAC 8,500
Pest Control 4,250
Plumbing 12,000
Electrical 3,500
Appliances 6,500
Flooring 7,500
Trash 1,750
Locks and Hardware 1,800
Sprinkler 1,409
Miscellaneous 5,000
Payroll 178,714 25 1,070
Union Benefits and Taxes 29,237 4 175
Insurance 62,099 9 372
Utilities 150,081 21 899
Electricity 11,612
Fuel Oil #6 114,601
Telephone 861
Water & Sewer 51,898
Administrative Costs 4,800 1 29
Accounting 1,500
Legal Expenses 2,800
Miscellaneous 500
Miscellaneous 2,000
Last Minute Offers :
New sell price: 2e+07 American Dollars for time period from 01/January/2008 to 01/January/2008.
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