$1,415,000
$1,550,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
3,800 SqFt
SOLD DATE : 08/22/2024
Key Details
Sold Price $1,415,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $372
MLS Listing ID 475167
Sold Date 08/22/24
Full Baths 4
Year Built 1930
Annual Tax Amount $10,360
Property Sub-Type Multi-Family
Property Description
Renovated 4 Family house great for user or investor. Currently all rented and rent roll is approximately at $100k plus there is a unfinished basement, that can be finished for additional income which can bring in NOI of $85k to $100k a year. Currently at 5%CAP with potential to go up to 10%+CAP. The lot is 40 x 100 with R4 zoning and has potential to add more sf or raise rents. (2 buildings on one lot and each building has a 2 family house) Can park up to 6 cars on the lot. Prime Sheepshead Bay location. The first building has 2bed/1bath over 2bed/1bath and the second building has 3bed/1bath over 1bed/bath plus garage. Great for investors, as the property was recently renovated and can enjoy passive income at current rent at 5%CAP from day one. Call with any questions. What are you waiting for, the numbers are actual and the NOI was $75k with upside potential. You get a 4 family, 1 car garage, up to 6 car spots on the lot and cash flowing at 5% CAP from day 1 with huge upside.
Note....Owner requests that all must show pre-approval or proof of funds before setting up a showing of the property. Also, do not disturb the tenants. All showings will be set up by listing Broker. Please, call or text with any questions. **Please, see floor plans attached.**
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Zoning R4
Rooms
Basement Finished, Other
Interior
Hot Water Gas, Other
Heating Gas, Other
Flooring Carpeting, Hardwood, Tile
Heat Source Gas, Other
Exterior
Exterior Feature Other
Amenities Available NONE
Roof Type Pitched
Handicap Access Unknown
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas,Other
Financing 1031 Exchange,Bank Mortgage,Cash
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Bought with Brooklyn New York MLS
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