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$1,500,000
Est. payment /mo
6 Beds
6 Baths
4,320 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $347
MLS Listing ID 495013
Bedrooms 6
Full Baths 6
Year Built 1928
Annual Tax Amount $15,005
Property Sub-Type Multi-Family
Property Description
Prime Avenue U / MidWood Location – Turnkey Six-Family Income Producer, Exceptional investment opportunity in a well-maintained six-family building (20' x 72' on a 20' x 100' lot) with a clean inspection record, including roof, electrical, gas, water, and Local Law 11 requirements. All units are one-bedroom apartments, fully leased except one apartment is empty now , it with annual rent increases of 3% for 1-year leases and 4.5% for 2-year leases. Current annual income is approximately $111,000, and low annual expenses around $29,200, generating a strong 5–5.5% cap rate. Building is located near Avenue U's vibrant shopping, dining, and services, close to top-rated school P.S 95, parks, and transportation F train with quick access to Manhattan. This is a true cash-flow property—no major repairs needed, immediate rental income, and long-term growth potential in a sought-after neighborhood.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Rooms
Basement Finished, Full
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Rubber
Handicap Access No
Building
Story 3
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716