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$1,999,000
Est. payment /mo
12 Beds
12 Baths
8,378 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,378 sqft
Price per Sqft $238
MLS Listing ID 504242
Bedrooms 12
Full Baths 12
Year Built 1926
Annual Tax Amount $14,838
Property Sub-Type Multi-Family
Property Description
Rare-find 12-family detached brick building with 9 of 12 apartments delivered vacant at closing, located in prime Homecrest! This is an extremely rare opportunity offering 75% vacancy at closing and tremendous flexibility and value-add potential for the new owner, subject to applicable rent regulations. The building consists of 12 one-bedroom apartments with a total of 34 rooms and 12 bathrooms. The remaining 3 apartments are tenant occupied. Building size 40x86 ft with approximately 8,378 sq ft sitting on a 40x100 ft lot. Property features brass plumbing, upgraded electrical service capable of supporting 24 air-conditioning units along with other electrical needs, and a relatively newer gas/oil combination boiler currently operating on gas. Fully detached construction provides excellent natural light and ventilation throughout. Conveniently located near public transportation, shopping, restaurants, schools, and the Kings Highway/Avenue U commercial corridors. Extremely rare opportunity to acquire a 12-unit Brooklyn apartment building with 9 vacancies at closing!
Location
State NY
County Kings (brooklyn)
Area Homecrest
Zoning R4-1
Rooms
Basement Full
Interior
Hot Water Gas, Oil
Heating Gas, Oil
Flooring Hardwood, Laminate, Tile
Heat Source Gas, Oil
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access Unknown
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Gas,Oil
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge
NEARBY SCHOOL & BUSINESS
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