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2159 E 2nd Street

BROOKLYN, NY 11223
  • $1,550,000
  • STATUS: Active
  • ON SITE: 141 Days
  • MLS #: 464336
UPDATED: 16 min ago
$1,550,000
  • 5
    BEDS
  • 0.05
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,320
    SQFT
  • $359
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
Area:

School Ratings & Info

Description

Attached (3 story) brick 6 family building in prime Gravesend. This building is in excellent condition. Great for a user or investor. Unit 1R is currently vacant and have been completely remodeled within the last 2 months. Unit 3R has been remodeled in 2016. New boiler installed in 2008. New hot water heater installed summer 2019. The roof is approx. 15-20yrs old and had small repairs and complete silver paint job in Sept 2021. Hallway area refinished in 2019. Intercom system and electric sub panels in each apartment. Full unfinished basement with front and rear entrances. Private backyard. Rent Stabilized Building. Apt. 1F: Studio apartment (includes kitchen and full bath). Approx. 300 sq ft. Current Lease: 2/1/22-1/31/24. $1,025/mo. Apt. 1R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. (Vacant unit). Legal rent $1,526.50/mo.Apt. 2F: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 10/1/22-9/30/23. $1,400/mo.Apt. 2R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. leased. Legal rent $1,370.57/mo.Apt. 3F: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 8/1/22-7/31/24. $1,147.72/mo.Apt. 3R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 1/1/22-12/31/22. $1,450/mo. Gross Operating Income (current): $95,038.08/yr.Gross Operating Income (projected legal): $105,405.96/yr. Expenses: Property Taxes: approx. $14,495.08/yr.Water/sewer: approx. $2,400/yr.Heating: approx. $4,500/yr.Insurance: approx. $3,200/yr.Cross Streets: Avenue U and Neck Rd.Building size: 20'x72' (approx. 4,320 sq ft). Lot size: 20'100' (approx. 2,000 sq ft). Approx Year Built: 1928.Transportation: B3, F train (Avenue U station).Zoned school: PS 95 The Gravesend school. (PK-8).

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© 2022 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: 2022-12-09T18:00:40.8.
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2159 E 2nd Street BROOKLYN, NY 11223

  • Price: $1,550,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 16 min ago
  • MLS #: 464336
5
Beds
6
Baths
0
½ Baths
0.05
Acres
4,320
SQFT
$359
$/SQFT
1928
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Gravesend
Property Description
Attached (3 story) brick 6 family building in prime Gravesend. This building is in excellent condition. Great for a user or investor. Unit 1R is currently vacant and have been completely remodeled within the last 2 months. Unit 3R has been remodeled in 2016. New boiler installed in 2008. New hot water heater installed summer 2019. The roof is approx. 15-20yrs old and had small repairs and complete silver paint job in Sept 2021. Hallway area refinished in 2019. Intercom system and electric sub panels in each apartment. Full unfinished basement with front and rear entrances. Private backyard. Rent Stabilized Building. Apt. 1F: Studio apartment (includes kitchen and full bath). Approx. 300 sq ft. Current Lease: 2/1/22-1/31/24. $1,025/mo. Apt. 1R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. (Vacant unit). Legal rent $1,526.50/mo.Apt. 2F: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 10/1/22-9/30/23. $1,400/mo.Apt. 2R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. leased. Legal rent $1,370.57/mo.Apt. 3F: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 8/1/22-7/31/24. $1,147.72/mo.Apt. 3R: 1 bed/ 1ba apartment (includes kitchen and living room). Approx 445 sq ft. Current lease: 1/1/22-12/31/22. $1,450/mo. Gross Operating Income (current): $95,038.08/yr.Gross Operating Income (projected legal): $105,405.96/yr. Expenses: Property Taxes: approx. $14,495.08/yr.Water/sewer: approx. $2,400/yr.Heating: approx. $4,500/yr.Insurance: approx. $3,200/yr.Cross Streets: Avenue U and Neck Rd.Building size: 20'x72' (approx. 4,320 sq ft). Lot size: 20'100' (approx. 2,000 sq ft). Approx Year Built: 1928.Transportation: B3, F train (Avenue U station).Zoned school: PS 95 The Gravesend school. (PK-8).
Exterior Features

Building Length 72.00 Building Width 20.00 Construction Materials Brick Exterior Brick Lot Size Length 100 Lot Size Width 20 Parking Attributes None Parking Feature None Roof FlatRubber Style Other Yard Back

Interior Features

Basement Amenities FullSeparate EntranceUnfinished Baths Total Level1 2.00 Baths Total Level2 2.00 Baths Total Level3 2.00 Beds Total Level1 1 Beds Total Level2 2 Beds Total Level3 2 Building Footprint Sq Ft 1440 Flooring CeramicHardwoodParquetTile Foundation Details Poured Concrete Heat Delivery Steam/Radiator Rooms Total Level1 5 Rooms Total Level2 6 Rooms Total Level3 6 Total Rooms 17

Property Features

ACUnits 0 Block 7129 Building Amenities None Construction Type Attached Cross Street Name Avenue U Cross Street Name2 Neck Rd Electric Circuit Breakers Financing 1031 ExchangeBank MortgageCash Fuel Expense 4500.00 Gross Income 95038 Handicap Access No Heating Fuel Gas Hot Water Gas Insurance Expense 3200.00 Lot Number 66 Lot Size Irregular YN 0 Net Operating Income 70338.08 Number Of Available Units 6 Number Of Families 6 Property Sub Type Multi-Family Property Type Residential Residential Features Stove Sale Type Arm's Length Tax Amount 14496.00 Transaction Type Sale Utility Expense 600.00 Zoning R4

Listing information © 2022 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Madisonestates Sothebys Realty: (718) 232-1004.


© 2022 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: 2022-12-09T18:00:40.8.
 
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