Brooklyn, NY 11228
sale
$3,199,000
|
Multi-Family
Listed By CENTURY 21 Realty First
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 bedrooms 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 $297,840/yr, with 10 leases for renewal ready with a boost of rent increase. The building offers a Cap Rate that is about 6.25%. This high-income building combines consistent cash flow with future growth potential. Other features include A super resident in the building, maintaining all apartments while keeping them in good condition. Nice and clean basement updated new flashing on roof, and most mechanical equipment updated in the last 10 years, hot water tank brand new. The building is located on a beautiful tree-lined street, just a few minutes away from 86th St, restaurants, convenience stores, supermarkets, banks, shopping, Dyker Park, and Dyker Golf Course; Bus stations, and the Belt Parkway express to the city. Won't last!
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Property Features
- Age: Over 50 Years Old
- Building Area: 18720.00 SF
- Cap Rate Percentage: 6.25
- Cross Docks: N
- Down Payment: 0.00
- Expenses: 105319.00
- For Auction: N
- Full Bathrooms: 20
- Gross Income: 303840.00
- Last Sold Date: Jul 1 1983 12:00AM
- Level Number: 4
- Location Name: Bath Beach
- Lot Size Desc: Under 1/2 Acre
- Lot Size In Text: 5808 Acres
- Net Operating Income: 198521.00
- Price Upon Request: N
- Property Use: Other Commercial
- Sewer: City
- Style: Multi-Family (5-20 Units)
- Sublease: N
- Tax Year: 2025
- Taxes: $48244.00
- Total Units: 20
- Water: City Water
- Year Built: 1916
- Zoning: R4
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