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$ 7,800,000
Est. payment | /mo
46,200 SqFt
$ 7,800,000
Est. payment | /mo
46,200 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 46,200 sqft
Price per Sqft $168
MLS Listing ID 489433
Annual Tax Amount $128,520
Property Sub-Type Commercial
Property Description
An exceptional investment opportunity, this fully occupied residential rental property offers stable income in a sought-after location. Well-maintained and thoughtfully managed, the building features high tenant retention and strong rental demand. Situated in a desirable neighborhood with convenient access to local amenities, public transportation, and major thoroughfares, this property ensures long-term value appreciation. Ideal for investors seeking a turnkey asset with reliable cash flow.
30 residential units (all are rent stabilized) plus 1 commercial.
Fully occupied.
Well maintained.
Recently upgraded building.
Income $679,157.
Expenses $251,429.
NOI $427,728.
30 residential units (all are rent stabilized) plus 1 commercial.
Fully occupied.
Well maintained.
Recently upgraded building.
Income $679,157.
Expenses $251,429.
NOI $427,728.
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Zoning R4
Rooms
Basement Finished
Interior
Interior Features Elevator – Passenger, Fire - Smoke Alarm, Handicap Design, Intercom, Lobby
Heating Oil
Flooring Ceramic, Hardwood, Stone
Heat Source Oil
Exterior
Utilities Available Electric, Gas, Sewer, Water
Roof Type Flat
Present Use Multi-Family 5+
Building
Foundation Poured Concrete
Others
Energy Description Oil
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge