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Thomas D’Alcamo

thomasdalcamo@gmail.com +1(917) 544-9091

$ 3,198,000

Est. payment | -/mo

35 Beds

20 Baths

18,720 SqFt

Save

$ 3,198,000

Est. payment | -/mo

Save

35 Beds

20 Baths

18,720 SqFt

Open House

Sun Apr 26, 1:00pm - 3:00pm

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 $48,244

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 $297,840/yr, with 10 leases for renewal ready with a boost of rent increase. The building offers a Cap Rate that is about 6.25%. 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 flashing on roof, and most mechanical equipment updated in the last 10 years, hot water tank brand new. 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

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(917) 544-9091

thomasdalcamo@gmail.com

7610 13th Ave, Brooklyn, New York, 11228, USA

8794 15th AVE Brooklyn, NY 11228