$1,990,000

Estimated payment $12,611/month

Total Views 4,940
11 Beds
6 Baths
5,040 Sq Ft
$395 Price per Sq Ft

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • 5-minute walk to Bill Brown Memorial Playground
  • Back and Side Yard
  • Heating System Uses Steam

About This Home

This multi-family property is available. The building, a semi-detached, six-family brick structure, measures 21 x 80 in size with a lot size of 26 x 100. It includes 11 bedrooms and 6 full bathrooms across approximately 5,040 sqft, distributed over three stories. Constructed around 1955, the property has been well-maintained, featuring updated kitchens and bathrooms in all units, which consist of five two-bedroom units and one one-bedroom unit. Enhancements like a fully finished basement and recent updates to the furnace and water heater significantly boost the property's value.
Located in a well-connected part of Sheepshead Bay, the property enjoys excellent public transit options. The Sheepshead Bay subway station, serviced by the B and Q lines, is just minute away, offering direct access to Manhattan. Additionally, bus routes B36, B44, and BM3 provide extensive connectivity throughout Brooklyn and to other parts of New York City.
The surrounding area is vibrant and full of life, with a variety of shopping, dining, and leisure options. Avenue Z and the nearby Emmons Avenue are bustling with a range of restaurants, cafes, and shops that cater to all preferences, enriching the lifestyle for residents of the area.
This property represents a significant investment opportunity with substantial rental income potential—currently estimated at $119,312.76 annually—and the possibility of capital appreciation due to its strategic location and array of local amenities. It is an attractive option for investors seeking stable cash flow and growth in property value.

Listing Agent

Alex Plotkin

eXp Realty BKNY Listed on: 02/13/2025

eXp Realty BKNY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,471

Year Built

  • Built in 1955

Lot Details

  • 2,599 Sq Ft Lot
  • Lot Dimensions are 100 x 26
  • Back and Side Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 5,040 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 7441

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $5,616
  • Insurance Expense $5,769
  • Utility Expense $811
  • Gross Income $118,308

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,471

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Total Bathrooms: 6.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Beds Total Level1: 3
  • Beds Total Level2: 4
  • Beds Total Level3: 4
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1680
  • Building Length: 80.00
  • Building Width: 21.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: East 23 street
  • Cross Street Name2: East 24 street
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Rooms Total Level1: 7
  • Rooms Total Level2: 8
  • Rooms Total Level3: 8
  • Fill Sq Ft Total: 5040
  • Building Stories: 3
  • Street Name I D X: Avenue Z
  • Street Number I D X: 2319
  • Waterfront Present: No
  • Year Built: 1955
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 11
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2599
  • Total Rooms: 23

Exterior Features

  • Yard: Back, Side
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 533
  • Roof: Flat

Utilities

  • Air Conditioning Units: 2
  • Electric: 200 Amp, Circuit Breakers, Fuses
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 5615.96

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 26
  • Zoning: R4

Rental Info

  • Rent Income: 9859

Multi Family

  • Annual Gross Expense: 1978931.00
  • Annual Gross Income: 118308
  • Insurance Expense: 5769.00
  • Unit Count: 6
  • Annual Utility Expenses: 810.72

Tax Info

  • Flip Tax Amount: 21471.00

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $1,990,000 +4.7% $395 / Sq Ft
06/30/2025 06/30/25 Price Changed $1,900,000 -4.5% $377 / Sq Ft
05/12/2025 05/12/25 Price Changed $1,990,000 -5.2% $395 / Sq Ft
02/13/2025 02/13/25 For Sale $2,100,000 -- $417 / Sq Ft
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 489220

Brooklyn Board of REALTORS®

APN: 07441-0533