Multi Family - Commercial
42 bed, 17 bath
16,000 SF
For Sale
Introducing 1096 Ocean Avenue a huge 16,000sqFt building with seventeen legal 2br & 3br apartments. Built 50x80 on 50x111 lot zoned R7-A. Can build up an additional 6300sqFt (FARx4 at 22,300sqFt buildable) Monthly RR: 26,453 monthly = 317,436 yearly 19,000 water 2,400 electric 18,000 gas / heat 9,000 insurance 47,000 tax yearly expenses = 110,400 NOI: 222,036 Cap 6.83%