NOT LISTED FOR SALE

1569 70th St Brooklyn, NY 11228

Bensonhurst Neighborhood
12 Beds
6 Baths
4,680 Sq Ft
2,000 Sq Ft Lot

Last Sold April 28, 2023

Last sale price $2,218,000 $474 Per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • 1-minute walk to 71 Street
  • Back Yard
  • P.S. 112 Lefferts Park Elementary School Rated A
  • Hot Water Heating System
  • 1-minute walk to Lt. Joseph Petrosino Park

About This Home

As of April 2023

This is wonderful 5 family free market rent in Dyker Heights. This building was renovated throughout including separate utilities within each apartment paying for their own cooking gas and electric. There are 5 induvial boiler and heat which is totally separate for each family. Landlords only responsibilities are water, taxes and insurance. This building features the following, 1 3 Bedroom duplex with 2 full bathrooms, 1 - 3 bedroom apartment with 1bathrooms and 3 -2 bedrooms 1 bathroom apartments. These units are vacant and move in ready. This building with perfect condition view. Don't waste the chance to take look. 5% return cap.

Last Agent to Sell the Property

Hang Chen

RE/MAX Real Estate Professionals License #10401288321 Listed on: 03/03/2023

RE/MAX Real Estate Professionals

Last Buyer's Agent

Hang Chen

RE/MAX Real Estate Professionals License #10401288321 Listed on: 03/03/2023

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,978

Year Built

  • Built in 1925

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,680 Sq Ft Home
  • 3-Story Property
  • Ceramic Tile Flooring
  • Stove

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6158

Community Details

Overview

  • 5 Units

Building Details

  • 5 Vacant Units
  • Utility Expense $1,200
  • Gross Income $144,000
  • Net Operating Income $118,622

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,978

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Full, Separate Entrance, Unfinished, Walk-in
  • Borough: Brooklyn
  • Building Length: 78.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: New Utrecht Ave
  • Cross Street Name2: 16th Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Available Units: 5
  • Number Of Families: 5
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 4680
  • Building Stories: 3
  • Street Name I D X: 70th
  • Waterfront Present: No
  • Year Built: 1925
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 12
  • Flooring: Ceramic
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 34
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 200 Amp
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5

Multi Family

  • Annual Gross Expense: 25378.00
  • Annual Gross Income: 144000
  • Property Net Operating Income: 118622.00
  • Unit Count: 5
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 14978.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2023 04/28/23 Sold $2,218,000 -5.6% $474 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $2,350,000 -- $502 / Sq Ft
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2023

    Hang Chen

    RE/MAX

    (646) 239-5999

    50 in this area

    204 Total Sales

    Hang Chen
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 472251

Brooklyn Board of REALTORS®

APN: 06158-0034

New York Kings County Brooklyn 11228 Bensonhurst

1569 70th St, Brooklyn, NY

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