Brooklyn, NY 11233,198 Hull ST
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$ 2,000,000
Est. payment | /mo

12 Beds

6 Baths

4,875 SqFt


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$ 2,000,000
Est. payment | /mo
Save

12 Beds

6 Baths

4,875 SqFt

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

Listed by Keller Williams Realty Landmar

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198 Hull ST