REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,198,000
Est. payment | /mo
35 Beds
20 Baths
18,720 SqFt
$ 3,198,000
Est. payment | /mo
35 Beds
20 Baths
18,720 SqFt
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 $170
MLS Listing ID 497746
Style Other
Bedrooms 35
Full Baths 20
Year Built 1916
Annual Tax Amount $50,602
Lot Dimensions 60FTX96.67
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 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 $198,521/yr, with 10 leases for renewal ready with a boost of rent increase. The building offers a Cap Rate that is about 5%. 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 roof, and most mechanical equipment updated in the last 10 years. 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!
Location
State NY
County Kings (brooklyn)
Area Bath Beach
Zoning R4
Rooms
Basement Full, Unfinished
Interior
Hot Water Gas
Heating Gas
Flooring Tile, Other
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Resident Superintendent
Roof Type Flat,Rubber
Handicap Access No
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Century 21 Realty First