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- MLS#440352
- TypeMulti-Family
- CountyKINGS
- CityBrooklyn
- AreaBrooklyn
- NeighborhoodConey Island
- Zip11224
- Style
- Taxes8700
- Price$ 1,199,000
- Bedrooms2
- Full Bathrooms8
- Half Bathrooms0
- Lot Size2,352 SqFt
Listing Provided Courtesy Of:
Jean Paul Ho with BRP Associates Inc
Property Description
Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. CURRENT GOI = $114,593.04 CURRENT NOI = $96483.04 Gross Expense $ 18,110 CURRENT CAP RATE 8% huge backyard! New roof, Sprinkler system, Stairways & many other updates! On 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: .Fully occupy with ACTUAL 8% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few blocks away -Near train , shopping off Neptune Avenue! Steps to beach! Huge price reduction from initial $1.490 Million Very well maintained building with no violation! DHCR available - all tenant are CURRENT pays on time
Price History | |
---|---|
7/12/2020 | Listed $1,429,000 |
8/17/2020 | 4% - $1,375,000 |
10/9/2020 | 6% - $1,299,000 |
11/13/2020 | 8% - $1,199,000 |
General Features
# Families | 8 |
---|---|
Block | 7019 |
Borough | Brooklyn |
Building Type | Detached |
Electric | Circuit Breakers |
Flooring | Hardwood |
Lot Number | 55 |
MLS Area | Coney Island |
Property Type | Residential |
Residential Features | Refrigerator, Stove, Other |
Roof | Flat |
Stories | 3 |
Style | Other |
Sub Type | Multi-Family |
Zoning | R5 |
Interior Features
Basement Amenities | Finished, Full, Walk-in, Other |
---|---|
Baths Total Level 1 | 2.00 |
Baths Total Level 2 | 3.00 |
Baths Total Level 3 | 3.00 |
Beds Total Level 2 | 1 |
Beds Total Level 3 | 1 |
Building Amenities | Storage rooms |
Full Baths | 8 |
Heating Fuel | Gas |
Hot Water | Hot Water Coil in Boiler |
Rooms Total Level 1 | 2 |
Rooms Total Level 2 | 7 |
Rooms Total Level 3 | 7 |
Total Rooms | 18 |
Unit Count | 8 |
Exterior Features
Building Length | 55.00 |
---|---|
Building Width | 20.00 |
Exterior | Brick |
Foundation | Poured Concrete |
Lot Size Length | 118 |
Lot Size Width | 20 |
Lot Sq Ft | 2352 |
Parking Attrib | None |
Yard | Back, Front |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool