NOT LISTED FOR SALE
12 Beds
6 Baths
5,775 Sq Ft
2,800 Sq Ft Lot

Last Sold June 15, 2022

Last sale price $1,300,000 $225 Per Sq Ft

Highlights

  • Wood Flooring
  • Fenced Yard
  • Heating System Uses Steam
  • P.S. 186 Dr. Irving A. Gladstone Elementary School Rated A-
  • Multiple cooling system units
  • Community Storage Space

About This Home

As of June 2022

Akin to a recession-proof Blue-Chip equity, the mere economics of owning this 6 family property should cue the enthusiastic applause from financial planners the world over. Situated in the heart of prime Bensonhurst South Brooklyn, this property is the bona fide definition of an ideal passive income investment vehicle. Boasting a 5.18% Cap Rate, this tenant-occupied rental property should be deemed a must-have in any prudent real estate investor’s portfolio. Meticulously maintained and serviced through the years with the utmost attention and professional care, this property has been lovingly preserved like a family heirloom. All dwelling units are in move-in condition with each having 2 beds, 1 full bath accompanied by very functional floorplans. Building’s roof was completely redone in 2018 and still remains in near pristine condition. Heating system is serviced like clockwork annually permitting operation at optimal levels and in perfect working order. Location of property provides easy access to mass transit options such as the express D & N subway trains, buses and major highways. Strikingly close to highly rated schools, numerous recreational parks, restaurants, coffee shops, fine dining, supermarkets, pharmacies, banks, and many more lifestyle conveniences. Ready thyself to experience the ubiquitous splendor and immense investment potential of this truly grandiose property. Come and #GetSome

Last Agent to Sell the Property

Yat Chi (Stanley Ng

RE/MAX Edge License #10301215078 Listed on: 11/12/2021

RE/MAX Edge

Co-Listed By

Kar Yiu

Century 21 Realty First

Century 21 Realty First

Last Buyer's Agent

Kar Yiu

Century 21 Realty First

Century 21 Realty First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,559

Year Built

  • Built in 1924

Lot Details

  • 2,800 Sq Ft Lot
  • Lot Dimensions are 100 x 28
  • Fenced Yard
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 5,775 Sq Ft Home
  • 3-Story Property
  • Window Treatments

Kitchen

  • Stove
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

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

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6251

Community Details

Overview

  • 6 Units
  • On-Site Maintenance

Amenities

  • Secure Lobby
  • Community Storage Space

Building Details

  • 6 Vacant Units
  • Fuel Expense $5,700
  • Insurance Expense $5,928
  • Utility Expense $825
  • Gross Income $106,980
  • Net Operating Income $72,486

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,559

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Basement Amenities: Full, Separate Entrance, Unfinished, Walk-in
  • Total Bathrooms: 6.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Borough: Brooklyn
  • Building Length: 70.00
  • Building Width: 28.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Confirmed By M L S Y N: Yes
  • Cross Street: 20th Ave
  • Cross Street Name2: 21st Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Available Units: 6
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit, A/C Unit - Window, Microwave, Refrigerator, Stove, Window Treatments, Other
  • Rooms Total Level3: 8
  • Fill Sq Ft Total: 5775
  • Building Stories: 3
  • Street Name I D X: 77th
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 1924
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 12
  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 2800

Exterior Features

  • Yard: Back, Front, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 32
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 5700.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 28
  • Zoning: R5

Multi Family

  • Annual Gross Expense: 34494.24
  • Annual Gross Income: 106980
  • Insurance Expense: 5928.00
  • Miscellaneous Expense: 1866.00
  • Property Net Operating Income: 72485.76
  • Unit Count: 6
  • Annual Utility Expenses: 825.00

Tax Info

  • Flip Tax Amount: 16559.24

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
06/15/2022 06/15/22 Sold $1,300,000 -- $225 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 456836

Brooklyn Board of REALTORS®