| MLS# | 505263 |
| Details | 24 bed, 8 bath, 25x100, Interior: 7064 ft2, 656m2, Building has 4 floors (DOM): 1 days |
| Construction Year | 1935 |
| Taxes (per year) | $22,424 |
| Fuel Type | Oil |
| Basement | Full basement |
| Zoning | R6B |
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Exceptional investment and owner-occupant opportunity in prime Sunset Park! This oversized 8-family brick building offers approximately 7,064 sqft of living space and features 8 three-bedroom apartments, including 2 currently vacant units that have recently been gut-renovated. Measuring approximately 25×75 feet on a 25×100-foot lot, the property offers 4 stories over a basement with a separate front entrance. Bright interiors, newly renovated living spaces in the vacant units, and a classic brick façade add to its appeal. Approximate annual income is $165,000, with potential to increase to $178,000, and current annual net operating income is approximately $94,000, offering an approximately 6% cap rate. With existing rental income, growth potential, and flexibility for an owner-occupant, this property is an opportunity you won’t want to miss. Won't Last!
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