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$1,599,000
Est. payment /mo
11 Beds
6 Baths
5,042 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,042 sqft
Price per Sqft $317
MLS Listing ID 499583
Bedrooms 11
Full Baths 6
Year Built 1928
Annual Tax Amount $21,200
Property Sub-Type Multi-Family
Property Description
Sheepshead Bay 6-Family Investment Opportunity!
Solid semi-attached 6-family brick building located in the Sheepshead Bay section of Brooklyn. This well-maintained property features five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a strong and stable rental mix for investors.
The building includes a full-sized unfinished basement with excellent potential for storage or additional utility space. Several recent capital improvements have already been completed, including recent boilers and updated kitchens in most units, helping to reduce future expenses while increasing tenant appeal.
With a cap rate over 6%, this property presents a compelling opportunity for investors seeking strong cash flow in Brooklyn. Conveniently situated near shopping, public transportation, schools, restaurants, and all neighborhood amenities.
Pre-approval or proof of funds is required prior to scheduling a showing.
Solid semi-attached 6-family brick building located in the Sheepshead Bay section of Brooklyn. This well-maintained property features five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a strong and stable rental mix for investors.
The building includes a full-sized unfinished basement with excellent potential for storage or additional utility space. Several recent capital improvements have already been completed, including recent boilers and updated kitchens in most units, helping to reduce future expenses while increasing tenant appeal.
With a cap rate over 6%, this property presents a compelling opportunity for investors seeking strong cash flow in Brooklyn. Conveniently situated near shopping, public transportation, schools, restaurants, and all neighborhood amenities.
Pre-approval or proof of funds is required prior to scheduling a showing.
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Zoning R4
Rooms
Basement Full, Separate Entrance, Unfinished
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Poured Concrete
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