Brooklyn NY, 11220
$1,900,000
Multi Family
Commercial
, 8100 SqFt
Details
ML#: H6295774
- # of Families: 9
- Sale or Rent:Sale
- Year Built: 1931
- Taxes: $22,703
- Status:Active
Description
LEGACY FAMILY OWNED BUILDING IN A COMMUNITY WITH A 1.5% LOW VACANCY RATE. NEVER WANT FOR GREAT TENANTS. Located between the vibrant communities of Sunset Park and Borough Park. This 9-unit rent stabilized building embodies a perfect synergy between skilled pre-war craftsmanship and modern updates. Marble staircase, wrought iron railing, original mosaic floors & reinforced steel beam construction are the period features that make this building special. Recent updates include new fire safety doors, new windows & a new roof. The building was meticulously maintained. First time on the market in four decades. This property is fully occupied with on time cash paying quality tenants. Multiple public transportation options. FIVE 2BRs and FOUR 1BRs, completed with a high ceiling basement covering the entire footprint, a roof overlooking NYC skyline & a back yard area. GROSS POTENTIAL RENT = $178, 289 (updated 6/19). N.O I. = $101, 262. CAP RATE = 5.7%. FULL REPORT & INTERIOR VIDEO AVAILABLE.
More Property Details
Bedroom: 14
Full Bath: 9
Lot Sq Ft: 2462
Approx. Int. Sq. Ft.: 8100.00
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Natural Gas, Radiant
A/C: None, Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $22,703
Maintenance: $5,400
School District: Brooklyn
Listing Information provided courtesy of
Keller Williams Realty NYC Grp
718-697-6800