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1314 44th Street

BROOKLYN, NY 11219
  • $1,999,999
  • STATUS: Active
  • ON SITE: 252 Days
  • MLS #: 462796
UPDATED: 64 min ago
$1,999,999
  • 12
    BEDS
  • 0.06
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,625
    SQFT
  • $356
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
Area:

School Ratings & Info

Description

BACK ON MARKET!! Deal fell through. Another opportunity for developers and investors!!! First time on market! Don't miss the chance to own this rare find commercial zoning district building 1314 44th Street (25x75 on 25x100.17 lot) which is the second building from 13 Ave commercial center. GREAT location in the heart of Boro-Park. High traffic area. Money maker solid brick 6 family building plus full basement with separate front , side & back entrances. Several apartments have been re-modernized in recent years. New electricity and gas meters for each apartments. Rubber roof in excellent condition. Windows in every room to bring a lot of natural sunlight and fresh air. Each apartment has 2 bedrooms, living room, open concept dining/kitchen combo. Current rent is $1800 for each rented unit. 2 units will be delivered vacant at closing. Current rent roll is $136,800 a year. Over 5% Cap rate. Projected rent roll is $151,200 and up. Projected Cap Rate is at least 5.87%. The annual property tax is only $14,970. This is an amazing well kept property with tremendous potentials that is ideal for investors or end users. Property zoning C4-3 allows the entire building be transformed into commercial, day care, school, worship, community facility...... plus additional air rights. Commercial FAR is 3.4, meaning can build 8514 sqft commercial facility.( Please verify with architect). 5 stars school district. Close to Fort Hamilton Pkwy D train station. It's a real gem that you can't miss.

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© 2023 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Citi Star Realty. Data last updated: 2023-01-29T07:00:22.203.
www.citistarrealtyinc.com/homes/128993045
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1314 44th Street BROOKLYN, NY 11219

  • Price: $1,999,999
  • Status: Active
  • On Site: 252 Days
  • Updated: 64 min ago
  • MLS #: 462796
12
Beds
6
Baths
0
½ Baths
0.06
Acres
5,625
SQFT
$356
$/SQFT
1930
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Boro-Park
Property Description
BACK ON MARKET!! Deal fell through. Another opportunity for developers and investors!!! First time on market! Don't miss the chance to own this rare find commercial zoning district building 1314 44th Street (25x75 on 25x100.17 lot) which is the second building from 13 Ave commercial center. GREAT location in the heart of Boro-Park. High traffic area. Money maker solid brick 6 family building plus full basement with separate front , side & back entrances. Several apartments have been re-modernized in recent years. New electricity and gas meters for each apartments. Rubber roof in excellent condition. Windows in every room to bring a lot of natural sunlight and fresh air. Each apartment has 2 bedrooms, living room, open concept dining/kitchen combo. Current rent is $1800 for each rented unit. 2 units will be delivered vacant at closing. Current rent roll is $136,800 a year. Over 5% Cap rate. Projected rent roll is $151,200 and up. Projected Cap Rate is at least 5.87%. The annual property tax is only $14,970. This is an amazing well kept property with tremendous potentials that is ideal for investors or end users. Property zoning C4-3 allows the entire building be transformed into commercial, day care, school, worship, community facility...... plus additional air rights. Commercial FAR is 3.4, meaning can build 8514 sqft commercial facility.( Please verify with architect). 5 stars school district. Close to Fort Hamilton Pkwy D train station. It's a real gem that you can't miss.
Exterior Features

Building Length 75.00 Building Width 25.00 Construction Materials Brick Exterior Brick Lot Size Length 100 Lot Size Width 25 Parking Attributes Other Parking Feature Street Roof FlatRubber Yard BackSide

Interior Features

Basement Amenities FullSeparate EntranceUnfinished Building Footprint Sq Ft 1875 Flooring CarpetingCeramicHardwoodTile Foundation Details Poured Concrete Heat Delivery Steam/Radiator Total Rooms 24

Property Features

ACUnits 5+ Block 5611 Building Amenities None Construction Type Semi-Detached Cross Street Name 13th Avenue Electric 220 V Financing 1031 ExchangeBank MortgageCash Fuel Expense 7000.00 Gross Income 136800 Handicap Access No Heating Fuel Gas Hot Water Hot Water Coil in Boiler Insurance Expense 4600.00 Lot Number 12 Lot Size Irregular YN 0 Number Of Families 6 Property Sub Type Multi-Family Property Type Residential Residential Features A/C Unit - WindowRefrigeratorStove Sale Type Arm's Length Tax Amount 14970.00 Transaction Type Sale Utility Expense 500.00 Zoning C 4-3

Listing information © 2023 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Re/Max Edge: (718) 612-3088.


© 2023 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Citi Star Realty. Data last updated: 2023-01-29T07:00:22.203.
 
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1801-03 Avenue X
Brooklyn NY, 11235