$1,180,000

Estimated payment $7,615/month

Total Views 5,330
8 Beds
6 Baths
4,740 Sq Ft
$249 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to Coney Island-Stillwell Avenue
  • Back Yard
  • Fenced Yard
  • Multiple cooling system units

About This Home

This fully renovated 6-family house features 5 spacious one-bedroom apartments and 1 cozy studio. Each unit has been thoughtfully updated, offering modern finishes and a comfortable living environment. The building boasts an upgraded roof, a freshly renovated full finished basement, upgraded plumbing and electric, and has been converted to gas for efficient energy use.

Ideally located near the beach, boardwalk, and amusement park, this property is a great draw for tenants who value both entertainment and convenience. The building is also well-connected by public transportation, with access to subway lines D, F, N, and Q, along with several bus routes (B36, B64, B68, B74, B82), including express buses to Manhattan (X28, X38).

A perfect investment for steady rental income in a rapidly developing neighborhood! This turnkey property is a must-see for investors looking for long-term value!

Listing Agent

Svetlana Borovskiy

High Class Realty SB LLC. Listed on: 10/22/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,037

Year Built

  • Built in 1930

Lot Details

  • 2,200 Sq Ft Lot
  • Lot Dimensions are 110 x 20
  • Fenced Yard
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4,740 Sq Ft Home
  • 3-Story Property
  • Stove
  • Finished Basement

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 7023

Community Details

Overview

  • 6 Units

Building Details

  • 6 Vacant Units
  • Fuel Expense $7,770
  • Insurance Expense $11,000
  • Utility Expense $892
  • Gross Income $97,212

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,037

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 6.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1580
  • Building Length: 79.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: NEPTUNE AVE
  • Cross Street Name2: MERMAID AVE
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Number Of Available Units: 6
  • Number Of Families: 6
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove, Other
  • Fill Sq Ft Total: 4740
  • Building Stories: 3
  • Street Name I D X: 15th
  • Street Number I D X: 2837
  • Year Built: 1930
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 8
  • Flooring: Ceramic, Hardwood
  • Lot Sq Ft: 2200

Exterior Features

  • Yard: Back, Fenced - Full
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 64
  • Roof: Other

Utilities

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

Fee Information

  • Annual Fuel Expense: 7770.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 110
  • Lot Size Width: 20
  • Zoning: R6

Rental Info

  • Rent Income: 97212

Multi Family

  • Annual Gross Income: 97212
  • Insurance Expense: 11000.00
  • Unit Count: 6
  • Annual Utility Expenses: 892.00

Tax Info

  • Flip Tax Amount: 13037.00

Map

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 Change Sq Ft Price
04/18/2025 04/18/25 Price Changed $1,180,000 -5.6% $249 / Sq Ft
10/22/2024 10/22/24 For Sale $1,250,000 -- $264 / Sq Ft
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 486976

Brooklyn Board of REALTORS®

APN: 07023-0064 02