$2,100,000 Price Analysis    ♡   Brooklyn, NY 11220 14 bed 9 bath 8,100 SqFt ($259/SqFt) 2,462SqFt lot. Built 1931 Listed 2024-04-24, Taxes $22,643 | Ⓧ USDA Ineligible due to price & location near Brooklyn |
LEGACY FAMILY OWNED BUILDING IN A COMMUNITY WITH A 1.5% VACANCY RATE.
NEVER WANT FOR GREAT TENANTS. Lcated between the vibrant communities of Sunset Park and Borough Park. This 9-unit rent stabilized building embodies a perfect synergy between skilled pre-war craftsmanship and modern updates. Marble staircase with wrought iron railing, original mosaic floors and reinforced steel beam construction are the period features that make this building special.
Recent updates include new fire safety doors, new windows and a new roof. The building was meticulously maintained. First time on the market in four decades. This property is fully occupied with on time cash paying quality tenants. Multiple public transportation options. FIVE 2BRs and FOUR 1BRs, completed with a high ceiling basement covering the entire footprint, a roof overlooking Manhattan skyline and a back yard area. GROSS POTENTIAL RENT = $175, 445. NET OPERATING INCOME = $101, 262. CAP RATE = 5.7%. FULL REPORT & INTERIOR VIDEO AVAILABLE.
Presented by Gregory Tsougranis at
Keller Williams Realty NYC Grp.
Property MLS #H6295774 from OneKeyMLS
Full Bathrooms: 9
Basement Description: Full, Walk-Out Access
Fuel Expense: 8100
Heating Features: Natural Gas, Hot Water
Road Responsibility: Public Maintained Road
Lot Size Acres: 0.0565197
Lot Size Square Feet: 2462
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 5400
High School District: Brooklyn 14
Middle or Junior School District: Brooklyn 14
Map directions Map directions Map directions Map directionsNumber of 1 Bedroom Units: 4
Number of 2 Bedroom Units: 5
Source Listing Status: Active
County: Brooklyn
Directions: From Fort Hamilton Pkwy make a right onto 44th St. (Located between 8th Ave and 9th Ave)
List Price Low: 2100000
Source Property Type: Residential Income
Number of Separate Electric Meters: 10
Number of Separate Gas Meters: 9
Owner Pays: Insurance
Parcel Number: 00742-0011
Postal City: Sunset Park
Township: Brooklyn
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $662,400 + $8,550 $670,950 | $22,643 |
| 2021 | $528,300 + $8,550 $536,850 | $21,999 |
| 2020 | $579,150 + $8,550 $587,700 | $20,711 |
| 2019 | $555,750 + $8,550 $564,300 | $19,391 |
| 2018 | $140,053 + $2,312 $142,365 | $17,955 |
| 2017 | $139,692 + $2,673 $142,365 | $18,107 |
| 2016 | $135,095 + $2,855 $137,950 | $17,784 |
| 2015 | $124,758 + $2,974 $127,732 | $16,455 |
| 2014 | $115,071 + $3,201 $118,272 | $15,204 |
| 2013 | $106,704 + $2,808 $109,512 | $14,395 |
| 2012 | $106,715 + $2,797 $109,512 | $14,710 |
| 2010 | $102,548 + $3,568 $106,116 | $13,010 |
| 2009 | $95,927 + $2,329 $98,256 | $12,046 |
| 2007 | $77,191 + $7,049 $84,240 | $10,048 |
$2,100,000
OneKeyMLS
Listing removed 2015-09-25
$1,550
RentlinxUnits
Price Changed for rent 2015-08-21
$1,550
RentlinxUnits
Listed for rent 2015-08-18
$1,750
RentlinxUnits
Year Built: 1931
Common Walls: 2+ Common Walls
Construction Materials: Brick
Property Age: 93
Property Attached: Yes
Year Built Source: Estimated
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.