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$1,850,000
Est. payment /mo
24 Beds
9 Baths
6,916 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,916 sqft
Price per Sqft $267
MLS Listing ID 502172
Bedrooms 24
Full Baths 9
Year Built 1906
Annual Tax Amount $16,235
Property Sub-Type Multi-Family
Property Description
Rare oversized 8-family investment property in the heart of Sunset Park! Situated on a 27' x 100' lot with an impressive 27' x 70' building size, this well-maintained property features 8 spacious 3-bedroom apartments and 9 full bathrooms. Four stories with 2 apartments per floor over a full basement with a separate entrance. Currently generating approximately $160,260 in annual income with an attractive 6.65% cap rate. Excellent long-term investment opportunity in one of Brooklyn's most sought-after neighborhoods. Conveniently located near shopping, restaurants, schools, and public transportation. Strong rental demand and stable cash flow make this a rare find for investors.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R6A
Rooms
Basement Full, Separate Entrance
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access Unknown
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716