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$2,499,900
Est. payment /mo
36 Beds
16 Baths
12,460 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,460 sqft
Price per Sqft $200
MLS Listing ID 503888
Bedrooms 36
Full Baths 16
Year Built 1910
Annual Tax Amount $30,015
Property Sub-Type Multi-Family
Property Description
Attention Investors! Excellent income-producing opportunity in the heart of Sunset Park, Brooklyn! This 4-story brick multifamily building features 16 residential units, consisting of 6 three-bedroom units, 8 two-bedroom units, and 2 one-bedroom units. Situated on a 35' × 100' lot with a 35' × 89' building footprint, the property offers approximately 12,460 SF of building space. Current total monthly rental income is approximately $21,500 with a CAP rate close to 7%. A standout feature is the extra-high basement with windows in each section, providing natural light and substantial additional space for storage and building operations. C2-4 / R6A zoning offers additional flexibility and future potential, subject to applicable zoning regulations and approvals. Prime Sunset Park location near the 5th Avenue, 7th Avenue, and 8th Avenue commercial corridors, surrounded by shopping, restaurants, supermarkets, and neighborhood amenities. Close to Industry City, with convenient access to the D, N & R subway lines and B11, B70 & B63 buses.
A rare opportunity to acquire a strong income-producing 16-unit multifamily asset in one of Brooklyn's most established neighborhoods.
A rare opportunity to acquire a strong income-producing 16-unit multifamily asset in one of Brooklyn's most established neighborhoods.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R6A, C2-4
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,Rubber
Handicap Access Unknown
Building
Story 4
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by E House Realty & Mgt. Inc.
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716