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415 50th Street

BROOKLYN, NY 11220
  • $1,699,999
  • STATUS: Active
  • ON SITE: 103 Days
  • MLS #: 467443
UPDATED: 34 min ago
$1,699,999
  • 0
    BEDS
  • 0.05
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
  • 2,700
    SQFT
  • $630
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1931
Area:

School Ratings & Info

Description

**RARE FIND**FREE MARKET** Legal 6-Family Investment Opportunity with potential CAP RATE 5.7%! Located in the heart of Sunset Park, a legal three-story, six Family FREE MARKET brownstone that was completely gut renovated in 2016 with Building Size 20x45, Lot size 20x100, real estate tax $15,815 per year. The fully finished basement includes newly installed (6) water boilers, (6) gas heat boilers, (6) gas meters and (7) electric meters and a half bathroom. The Roof was replaced in 2020 with a 10 years warranty. This 6 family consists of each 4 units as 1 bedroom and each 2 units as a studio. Landlord incurs lower annual expenses because each 6 units have independent separate meters. Tenants pay their own gas, heat, electric and hot water utilities. Projected rental income is $118,200/year, expenses $21,215/year, Net Operating Income $96,985/year with Cap Rate about 5.7%. Walking distance to the subway lines N/R/W on the 53 Street stop or 45 Street stop. Convenient nearby shopping at Costco, Wholefoods Market, Industrial City, local supermarkets, and dining at eclectic restaurants, caf and bakery. Thanks for your interest!

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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/134004437
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415 50th Street BROOKLYN, NY 11220

  • Price: $1,699,999
  • Status: Active
  • On Site: 103 Days
  • Updated: 34 min ago
  • MLS #: 467443
0
Beds
6
Baths
1
½ Baths
0.05
Acres
2,700
SQFT
$630
$/SQFT
1931
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Sunset Park
Property Description
**RARE FIND**FREE MARKET** Legal 6-Family Investment Opportunity with potential CAP RATE 5.7%! Located in the heart of Sunset Park, a legal three-story, six Family FREE MARKET brownstone that was completely gut renovated in 2016 with Building Size 20x45, Lot size 20x100, real estate tax $15,815 per year. The fully finished basement includes newly installed (6) water boilers, (6) gas heat boilers, (6) gas meters and (7) electric meters and a half bathroom. The Roof was replaced in 2020 with a 10 years warranty. This 6 family consists of each 4 units as 1 bedroom and each 2 units as a studio. Landlord incurs lower annual expenses because each 6 units have independent separate meters. Tenants pay their own gas, heat, electric and hot water utilities. Projected rental income is $118,200/year, expenses $21,215/year, Net Operating Income $96,985/year with Cap Rate about 5.7%. Walking distance to the subway lines N/R/W on the 53 Street stop or 45 Street stop. Convenient nearby shopping at Costco, Wholefoods Market, Industrial City, local supermarkets, and dining at eclectic restaurants, caf and bakery. Thanks for your interest!
Exterior Features

Building Length 45.00 Building Width 20.00 Construction Materials Other Exterior Brownstone Lot Size Length 100 Lot Size Width 20 Parking Attributes None Parking Feature Street Roof Flat Style Other Yard Back

Interior Features

Basement Amenities Finished Building Footprint Sq Ft 900 Flooring HardwoodTile Foundation Details Poured Concrete Heat Delivery Hot Water

Property Features

ACUnits 0 Block 783 Building Amenities None Construction Type Attached Cross Street Name 4th Avenue Cross Street Name2 50th Street Electric 110 V Financing 1031 ExchangeBank MortgageCash Gross Income 118200 Handicap Access No Heating Fuel Gas Hot Water Gas Insurance Expense 2200.00 Lot Number 70 Lot Size Irregular YN 0 Net Operating Income 96985.00 Number Of Available Units 6 Number Of Families 6 Property Sub Type Multi-Family Property Type Residential Rent Income 118200 Residential Features A/C Unit - WindowRefrigeratorStove Sale Type Arm's Length Tax Amount 15815.00 Transaction Type Sale Zoning R6b

Listing information © 2023 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Bc Realty Group Llc: (347) 921-2111.


© 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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