Sold
$ 1,415,000
Building For Sale
Property Type
Sold
Status
3,800/353
ASF/ASM
$ 10,360
Real Estate Taxes
[Per Annum]
Building Details
Multi-Family
Ownership
7422/769
Block/Lot
18'x50'
Building Size
40'x100'
Lot Size
R4
Zoning
1930
Year Built
2
Floors
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.**
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.**
Listing Courtesy of eXp Realty BKNY
Features
A/C
Hardwood Floors
Contact
Coldwell Banker Reliable Real Estate
License
Licensed As: Not Applicable
Mortgage Calculator
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 475167
