Hiram Borrero
Revived Residential
(888) 613-3019
34 Total Sales
1 in Greenwood Heights
$1,475,000 Price
325 37th St Brooklyn, NY 11232
Greenwood Heights Neighborhood
14
Beds
7
Baths
3,650
Sq Ft
2,221
Sq Ft Lot
Highlights
- Wood Flooring
- 3-minute walk to 36 Street (D,M,N,R Line)
- Community Storage Space
- Multiple cooling system units
- Heating System Uses Steam
- 4-minute walk to D'emic Playground
About This Home
As of February 2025A prime investment opportunity in the heart of Sunset Park, Brooklyn. This semi-detached, 6 family building offers substantial income potential with its impressive layout and strategic location. The building spans 22 x 55 feet on a 22 x 100 feet lot, providing a solid structure with spacious units. Additionally, there is a legal cellar studio basement apartment, which increases the potential of this excellent piece of investment. All apartments are currently rented at market rates, ensuring consistent cash flow. The property boasts an annual gross rental income of $131,616, with manageable expenses of approximately $24,096. This results in a strong net rental income of $107,520 and a desirable cap rate of 8.4%. Located near a variety of other local shops, Costco, Industry City, and conveniently close to the 36th St N, D, and R train station, this property offers tenants easy access to transportation and amenities. Whether you're an experienced investor or looking to expand your portfolio, this is an exceptional opportunity to own a valuable asset in one of Brooklyn's most sought-after neighborhoods.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,996
Year Built
- Built in 1931
Lot Details
- 2,221 Sq Ft Lot
- Lot Dimensions are 100 x 22
- Back and Front Yard
Home Design
- Stone Foundation
- Slab Foundation
- Rubber Roof
- Masonry
Interior Spaces
- 3,650 Sq Ft Home
- 3-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 14 Bedrooms
- 7 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 696
Community Details
Building Details
- Fuel Expense $2,000
- Insurance Expense $7,000
- Utility Expense $1,100
- Gross Income $131,616
- Net Operating Income $107,520
Additional Features
- 6 Units
- Community Storage Space
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Greenwood Heights, NY
-
Hiram Borrero
-
Dazhi Simon Su
Dazhi Simon Su
Re/Max Edge
(646) 718-5880
69 Total Sales
1 in Greenwood Heights
$1,170,000 Price
-
Joanna Mayfield Marks
Joanna Mayfield Marks
Brown Harris Stevens Brooklyn LLC
(929) 552-6159
81 Total Sales
2 in Greenwood Heights
$1,836,000 Price Range
-
Sonal Patel
Sonal Patel
Elegran Real Estate and Development
(877) 661-1318
22 Total Sales
1 in Greenwood Heights
$995,000 Price
-
Benjamin Dixon
Benjamin Dixon
Douglas Elliman Real Estate
(646) 681-4023
91 Total Sales
1 in Greenwood Heights
$2,900,000 Price
-
Maria 'Melinda' Micciola
Maria 'Melinda' Micciola
RE/MAX Elite
(914) 677-2599
40 Total Sales
1 in Greenwood Heights
$1,049,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,260,000 | -- | ||
| Wxy Property Llc | $1,300,000 | -- | |
| Tapia Luis A | $140,000 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $850,000 | ||
| Previous Owner | Wxy Property Llc | $25,996 | |
| Previous Owner | -- | $1,050,000 | |
| Previous Owner | Tapia Luis A | $495,000 | |
| Closed | Tapia Luis A | $150,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/25/2025 02/25/25 | Sold | $1,280,000 | 0.0% | $351 / Sq Ft |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | For Sale | $1,280,000 | -- | $351 / Sq Ft |
Source: Brooklyn Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,953 | $451,800 | $105,750 | $346,050 |
| 2025 | $7,695 | $387,450 | $105,750 | $281,700 |
| 2024 | $7,695 | $354,960 | $105,750 | $249,210 |
| 2023 | $6,996 | $443,700 | $105,750 | $337,950 |
| 2022 | $6,463 | $554,850 | $105,750 | $449,100 |
| 2021 | $6,003 | $537,750 | $105,750 | $432,000 |
| 2019 | $5,971 | $504,360 | $105,750 | $398,610 |
| 2018 | $5,580 | $43,873 | $11,039 | $32,834 |
| 2017 | $5,168 | $40,636 | $11,877 | $28,759 |
| 2016 | $4,853 | $37,645 | $13,067 | $24,578 |
| 2015 | $3,149 | $37,645 | $15,685 | $21,960 |
| 2014 | $3,149 | $36,420 | $15,590 | $20,830 |
Source: Public Records
Agents Affiliated with this Home
-
kelvin ng wu
KN
Seller's Agent in 2025
kelvin ng wu
Century 21 Realty First
(347) 295-9132
1 in this area
4 Total Sales
-
Karen Ng Mok
Seller Co-Listing Agent in 2025
Karen Ng Mok
Century 21 Realty First
(347) 320-4021
1 in this area
4 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 485243
APN: 00696-0057
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