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$ 3,580,000
Est. payment | /mo
35 Beds
35 Baths
18,720 SqFt
$ 3,580,000
Est. payment | /mo
35 Beds
35 Baths
18,720 SqFt
OPEN HOUSE
Sun Apr 06, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,720 sqft
Price per Sqft $191
MLS Listing ID 488531
Bedrooms 35
Full Baths 20
Year Built 1916
Annual Tax Amount $50,603
Property Sub-Type Multi-Family
Property Description
Introducing one-of-a-kind Brick 20-Family in the most desired neighborhood, Bath Beach of Brooklyn, NY. This gem has a building size of 60 x 78 sitting on a 60 x 97 lot. Total 18, 720 living SF. This property features 20 apartments. Most of the units have been updated. 3 units with 3-bedroom with a Kitchen and living room and Dining room (6 rooms); 9 units with 2-bedrooms and a Kitchen and living room and Dining room (5 rooms); 8 units with 1-bedroom and a Kitchen and living room and Dining room (4 rooms). This investment generates a gross income of $290,820/yr, every year there are 10 leases for renewal to increase income. capital gain is more than 5%. This high-income real estate building combines consistent cash flow with future growth potential.
Other features include A super resides in the building while maintaining all apartments and keeping them in good condition. Nice and clean basement, update new roof, most mechanical equipment updated in the last 10 years. The building located on a beautiful tree-lined street, just a few minutes away from 86th St, restaurants, convenience stores, and supermarkets, Bank, shopping, Dyker Park and Dyker Golf Course; Bus stations, and the Belt Parkway express to the city.
This is a one-and-only opportunity for an investor looking for a constant income stream and seeing the value the building could bring. ALL BROKERS ARE WELCOME. Won't last!
Other features include A super resides in the building while maintaining all apartments and keeping them in good condition. Nice and clean basement, update new roof, most mechanical equipment updated in the last 10 years. The building located on a beautiful tree-lined street, just a few minutes away from 86th St, restaurants, convenience stores, and supermarkets, Bank, shopping, Dyker Park and Dyker Golf Course; Bus stations, and the Belt Parkway express to the city.
This is a one-and-only opportunity for an investor looking for a constant income stream and seeing the value the building could bring. ALL BROKERS ARE WELCOME. Won't last!
Location
State NY
County Kings (brooklyn)
Area Bath Beach
Zoning R4
Rooms
Basement Finished, Full
Interior
Hot Water Other
Heating Gas
Flooring Carpeting, Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Secure Lobby, Storage rooms
Roof Type Flat,Other
Handicap Access Unknown
Building
Story 4
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Century 21 Realty First
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DiTommaso Real Estate
Broker