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$1,850,000
Est. payment /mo
11 Beds
4 Baths
2,492 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,492 sqft
Price per Sqft $742
MLS Listing ID 500468
Style Other
Bedrooms 11
Full Baths 4
Year Built 1920
Annual Tax Amount $13,697
Property Sub-Type Multi-Family
Property Description
Prime 4-Family Investment Opportunity in Sheepshead Bay, Brooklyn
This exceptional property presents a rare opportunity for both investors and end-users alike! Situated in the highly desirable Sheepshead Bay neighborhood of Brooklyn, this 4-family semi-detached brick building, offering approximately 2492 SF of living space with a detached garage offers strong income potential and long-term value.
The property is fully occupied and features:
• A spacious 2-bedroom apartment on the first floor
• A large 3-bedroom apartment spanning the 2nd to 4th floors
Each unit is separately metered with 4 gas meters and 5 electric meters, along with separate hot water coin systems. Tenants are responsible for their own hot water expenses, helping to minimize owner operating costs.
Financial Highlights:
• Annual Gross Income: $121,200
• Total Annual Expenses: $26077
• CAP Rate: Over 5%
Location Highlights:
Conveniently located between Avenue U & Avenue T, the property is close to:
• Shopping and dining options
• Kings Plaza Mall
• Supermarkets, pharmacies, and schools
Transportation:
Easy access to the B & Q subway lines, multiple bus routes, and the Belt Parkway, providing convenient connectivity throughout Brooklyn and beyond. Delivered vacant!!
This exceptional property presents a rare opportunity for both investors and end-users alike! Situated in the highly desirable Sheepshead Bay neighborhood of Brooklyn, this 4-family semi-detached brick building, offering approximately 2492 SF of living space with a detached garage offers strong income potential and long-term value.
The property is fully occupied and features:
• A spacious 2-bedroom apartment on the first floor
• A large 3-bedroom apartment spanning the 2nd to 4th floors
Each unit is separately metered with 4 gas meters and 5 electric meters, along with separate hot water coin systems. Tenants are responsible for their own hot water expenses, helping to minimize owner operating costs.
Financial Highlights:
• Annual Gross Income: $121,200
• Total Annual Expenses: $26077
• CAP Rate: Over 5%
Location Highlights:
Conveniently located between Avenue U & Avenue T, the property is close to:
• Shopping and dining options
• Kings Plaza Mall
• Supermarkets, pharmacies, and schools
Transportation:
Easy access to the B & Q subway lines, multiple bus routes, and the Belt Parkway, providing convenient connectivity throughout Brooklyn and beyond. Delivered vacant!!
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Zoning R4-C1-2
Rooms
Basement None
Interior
Hot Water Gas, Hot Water Coil in Boiler
Heating Gas
Flooring Tile, Other
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Storage rooms
Roof Type Flat
Handicap Access No
Building
Story 4
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Re/Max Real Estate Professiona
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716