198 Hull ST new Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11233
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,875 sqft
Price per Sqft $410
MLS Listing ID 492611
Bedrooms 12
Full Baths 6
Year Built 1910
Annual Tax Amount $8,393
Property Sub-Type Multi-Family
Property Description
Investment Opportunity:
Introducing a prime multifamily investment in the heart of Ocean Hill, Brooklyn. This three-story, 6-unit building offers a blend of stability and potential growth, making it an ideal addition to any investor's portfolio.
Property Highlights
Unit Mix: Six spacious 2-bedroom, 1-bathroom apartments
One unit reserved for owner.
Ocean Hill is a vibrant and evolving neighborhood nestled between Bedford-Stuyvesant, Crown Heights, and Brownsville. Known for its strong community spirit and excellent transportation links, the area offers residents a blend of urban convenience and neighborhood charm.
Transportation:
Subway Access: Short distance to A, C, J, Z, and L trains at Broadway Junction, providing swift connections to Manhattan and beyond
Bus Routes: Multiple bus lines serving the area
Local Amenities:
Parks: Directly across from Hull Street Community Garden; near Marion Hopkinson Playground and Callahan-Kelly Playground
Dining & Shopping: Proximity to a variety of cafes, restaurants, and shops along Bushwick and Broadway Avenues
Investment Potential
With 6 occupied units and cash flow, this property provides both steady income and the opportunity for increased revenue. The ongoing revitalization of Ocean Hill, including infrastructure improvements and commercial developments, suggests strong appreciation potential. The building's R6 zoning also opens doors for future expansion or redevelopment.
Location
State NY
County Kings (brooklyn)
Area Bedford Stuyvesant
Zoning R6
Rooms
Basement Finished,Full
Interior
Hot Water Gas
Heating Gas
Flooring Carpeting
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Gas
Financing Cash