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$1,799,000
Est. payment /mo
8 Beds
6 Baths
4,800 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $374
MLS Listing ID 503859
Bedrooms 8
Full Baths 6
Year Built 1922
Annual Tax Amount $20,000
Property Sub-Type Multi-Family
Property Description
Six-Family Building in Sheepshead Bay. This meticulously maintained, six-unit building is available for sale in the vibrant heart of Sheepshead Bay, ideally situated between Sheepshead Road and Voorhies Avenue. The property comprises four one-bedroom apartments and two two-bedroom apartments, all of which are in excellent condition and generate reliable rental income. Building dimensions measure 20 feet by 90 feet on a 20-foot by 100-foot lot, with current annual property taxes of $20,800.
The building features a half-finished basement with a separate entrance, providing valuable utility or additional storage space. Structural maintenance is up to date, highlighted by a roof replacement completed four years ago that ensures long-term durability and minimizes immediate capital expenditures. The location offers exceptional convenience, surrounded by local shopping establishments, financial institutions, and accessible public transportation options. This multi-family property represents a solid investment opportunity with strong existing cash flow in a prime South Brooklyn neighborhood.
The building features a half-finished basement with a separate entrance, providing valuable utility or additional storage space. Structural maintenance is up to date, highlighted by a roof replacement completed four years ago that ensures long-term durability and minimizes immediate capital expenditures. The location offers exceptional convenience, surrounded by local shopping establishments, financial institutions, and accessible public transportation options. This multi-family property represents a solid investment opportunity with strong existing cash flow in a prime South Brooklyn neighborhood.
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Zoning C4-2
Rooms
Basement Semi-Finished
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Secure Lobby, NONE
Roof Type Pitched,Rubber
Handicap Access Unknown
Building
Story 3
Foundation Stone, Other
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