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$ 2,050,000
Est. payment | /mo
6 Baths
$ 2,050,000
Est. payment | /mo
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 501488
Full Baths 6
Annual Tax Amount $11,521
Property Sub-Type Multi-Family
Property Description
A stands out in the Brooklyn multifamily market, This 6-unit building offering an immediate 7.51% Cap Rate. Rebuilt from the ground up in 2021. Building Size: 20' x 62' , Lot Size: 20' x 120', Zoning: R6 (High potential for future condo conversion)
Architectural Volume & Luxury Interiors Rarely found in traditional 6-family buildings, the units here feature exceptional vertical space: Designer Finishes: Every unit is outfitted with hard wood floors, quartz countertops, and a full suite of stainless-steel appliances. Versatile Lower Level: The cellar mirrors the high-volume feel of the upper floors. Currently accessory storage offers a strategic opportunity to be duplexed with ground-floor units to create massive recreation rooms with direct access to the expansive private backyard. Efficient, Modern Mechanicals This building is engineered for low owner overhead and tenant autonomy:
Electric HVAC & Hot Water: Each unit is equipped with its own Split AC system for independent heating and cooling, as well as its own electric hot water boiler. Tenant-Paid Utilities: By utilizing all-electric mechanicals, the utility burden and maintenance are shifted directly to the tenants, keeping owner expenses at a minimum.
The Ultimate Lifestyle Destination Tenants are a short distance away from the legendary "People's Playground." This property boasts a 100/100 Transit and Walk Score, located just minutes from:
Iconic Attractions: Immediate access to Luna Park, the Coney Island Cyclone, and the New York Aquarium.
Beachfront Living: A short moment to the world-famous Coney Island Boardwalk and beach.
Entertainment & Dining: Minutes from Maimonides Park (home of the Brooklyn Cyclones) and local staples like Nathan's Famous.
Unmatched Transit: Adjacent to the Stillwell Ave Station, providing 24/7 express access to the D, F, N, and Q lines for a seamless commute.
Architectural Volume & Luxury Interiors Rarely found in traditional 6-family buildings, the units here feature exceptional vertical space: Designer Finishes: Every unit is outfitted with hard wood floors, quartz countertops, and a full suite of stainless-steel appliances. Versatile Lower Level: The cellar mirrors the high-volume feel of the upper floors. Currently accessory storage offers a strategic opportunity to be duplexed with ground-floor units to create massive recreation rooms with direct access to the expansive private backyard. Efficient, Modern Mechanicals This building is engineered for low owner overhead and tenant autonomy:
Electric HVAC & Hot Water: Each unit is equipped with its own Split AC system for independent heating and cooling, as well as its own electric hot water boiler. Tenant-Paid Utilities: By utilizing all-electric mechanicals, the utility burden and maintenance are shifted directly to the tenants, keeping owner expenses at a minimum.
The Ultimate Lifestyle Destination Tenants are a short distance away from the legendary "People's Playground." This property boasts a 100/100 Transit and Walk Score, located just minutes from:
Iconic Attractions: Immediate access to Luna Park, the Coney Island Cyclone, and the New York Aquarium.
Beachfront Living: A short moment to the world-famous Coney Island Boardwalk and beach.
Entertainment & Dining: Minutes from Maimonides Park (home of the Brooklyn Cyclones) and local staples like Nathan's Famous.
Unmatched Transit: Adjacent to the Stillwell Ave Station, providing 24/7 express access to the D, F, N, and Q lines for a seamless commute.
Location
State NY
County Kings (brooklyn)
Area Coney Island
Rooms
Basement Separate Entrance
Interior
Hot Water Electric
Heating Electric
Flooring Hardwood
Heat Source Electric
Exterior
Exterior Feature Brick
Amenities Available Door – Intercom
Roof Type Flat
Handicap Access Unknown
Building
Foundation Block
Others
Energy Description Electric
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by E House Realty & Mgt. Inc.
Nearby Locations
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