Address
2877 West 20 Street Brooklyn, NY
Price
$ 1,199,000
Property Attributes
  • 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

Property vs Zip Code Average in 11224

Price
AVG $1.79M
$1.2M
Taxes
AVG $11,078
$8,700
Visits
AVG 16
1
Walkscore
AVG 63
86
Data Provided by Walkscore ® not using MLS data

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