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247 Senator Street

BROOKLYN, NY 11220
  • $1,250,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 470551
$1,250,000
  • 10
    BEDS
  • 0.05
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,500
    SQFT
  • $278
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1906
Area:

School Ratings & Info

Description

Situated on a quiet a block 247 Senator Avenue is a 6 Family Building For Sale in the neighborhood area of Bay Ridge. 5 of the 6 units are currently being occupied at the moment with a leases registered with the city. 1 unit is in the process of being flipped to becoming Rent Stabilized as the former tenant that resided in the Rent Controlled unit is no longer occupying it. The bones of the building are in great shape. Heating system is modern and fully functional with no issues. The roof has recently been repaired a few years ago with no foreseen issues any time soon. The condition of the units are in good condition except for 1 that hasn't been renovated for years. The building is located next to parks, well performing schools, the R Train and multiple MTA Bus services. The Financials of the building are as follows: Current GCI: $86,904, Current Total Annual Expenses: $27,668 and Current NOI: $59236. This would be a great addition to any investors' real estate investment portfolio. Come capitalize on this opportunity before it's gone.

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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: 2023-01-29T00:00:23.247.
www.citistarrealtyinc.com/homes/135359005
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247 Senator Street BROOKLYN, NY 11220

  • Price: $1,250,000
  • Status: Active
  • On Site: 48 Days
  • MLS #: 470551
10
Beds
6
Baths
0
½ Baths
0.05
Acres
4,500
SQFT
$278
$/SQFT
1906
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Bay Ridge
Property Description
Situated on a quiet a block 247 Senator Avenue is a 6 Family Building For Sale in the neighborhood area of Bay Ridge. 5 of the 6 units are currently being occupied at the moment with a leases registered with the city. 1 unit is in the process of being flipped to becoming Rent Stabilized as the former tenant that resided in the Rent Controlled unit is no longer occupying it. The bones of the building are in great shape. Heating system is modern and fully functional with no issues. The roof has recently been repaired a few years ago with no foreseen issues any time soon. The condition of the units are in good condition except for 1 that hasn't been renovated for years. The building is located next to parks, well performing schools, the R Train and multiple MTA Bus services. The Financials of the building are as follows: Current GCI: $86,904, Current Total Annual Expenses: $27,668 and Current NOI: $59236. This would be a great addition to any investors' real estate investment portfolio. Come capitalize on this opportunity before it's gone.
Exterior Features

Building Length 74.00 Building Width 20.00 Construction Materials Brick Exterior Brick Lot Size Length 103 Lot Size Width 20 Parking Feature None Roof Flat Style Other Water Front Present No Yard BackFrontFenced - Partial

Interior Features

Basement Amenities Unfinished Building Footprint Sq Ft 1480 Flooring HardwoodTile Foundation Details Poured Concrete Heat Delivery Steam/Radiator

Property Features

ACUnits 0 Block 5849 Building Amenities None Certificate Of Occupancy YN 1 Construction Type Attached Cross Street Name Ridge Blvd. Cross Street Name2 3rd Ave. Electric 220 V Financing 1031 ExchangeBank MortgageCash Fuel Expense 4727.00 Gross Income 86904 Handicap Access No Heating Fuel Gas Hot Water Gas Insurance Expense 4207.00 Lot Number 56 Lot Size Irregular YN 0 Net Operating Income 59236.00 Number Of Families 6 Property Sub Type Multi-Family Property Type Residential Residential Features None Sale Type Arm's Length Tax Amount 14516.00 Transaction Type Sale Utility Expense 639.00 Zoning R5b

Listing information © 2023 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Keller Williams Realty Empire: (718) 954-8400.


© 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: 2023-01-29T00:00:23.247.
 
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