$1,990,000

Estimated payment $10,754/month

Total Views 1,440
-- Bed
-- Bath
2,448 Sq Ft
$813 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Back Yard
  • Cooling Available
  • Heating System Uses Steam

About This Home

Prime NEWLY RENOVATED, TURNKEY MIXED-USE PROPERTY located in the heart of Sunset Park, offering stable commercial income and residential living. The BRICK HOUSE underwent a GUT RENOVATION IN 2017. The first-floor retail space is currently leased at $3,100 per month with a 3% annual rent increase, ensuring steady cash flow from day one. Projected rental income totals approximately $8,500 per month ($102,000 annually), with the first floor—including basement storage—estimated at $4,000/month, and the second-floor unit projected at $4,500/month. Excellent potential for strong cap rate return. The second floor features a bright and spacious 5-bedroom, 2-full bath, and one-half bath apartment with an open-concept living room and kitchen—ideal for owner-occupancy or generating additional rental income. The basement has convenient front and rear entrances and includes a half bathroom, offering flexible options for storage or other uses. Each unit is equipped with separate boilers, hot water heaters, and tenants are responsible for their own utilities, ensuring lower operating costs. This well-maintained, move-in-ready property presents an exceptional investment opportunity in a high-demand location. Don’t miss out on this rare chance! Schedule a private showing today to secure both future appreciation and stable returns.

Listing Agent

Madeline Chiu

RE/MAX Edge Listed on: 07/03/2025

RE/MAX Edge

Co-Listing Agent

Ping Chen

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,399

Year Built

  • Built in 1899

Lot Details

  • 1,430 Sq Ft Lot
  • Lot Dimensions are 18.33x78
  • Back Yard
  • Property is zoned M1-2

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property
  • Ceiling height between 8 to 10 feet
  • Finished Basement

Flooring

  • Wood
  • Tile

Utilities

  • Cooling Available
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Community Details

  • Fuel Expense $1,250
  • Insurance Expense $4,500
  • Utility Expense $1,300
  • Gross Income $45,621

Listing and Financial Details

  • Tax Block 915

Property Details

Property Type

Other

Est. Annual Taxes

$6,399

Year Built

Built in 1899

Lot Details

1,430 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished
  • Borough: Brooklyn
  • Building Length: 68.00
  • Building Width: 18.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Commercial Condo Y N: Yes
  • Commercial Features Exterior: Sign - Building
  • Commercial Features Interior: Restrooms - Public
  • Confirmed By M L S Y N: Yes
  • Cross Street: 39th st
  • Cross Street Name2: 40th st
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard, Steam/Radiator
  • Number Of Families: 1
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2448
  • Building Stories: 2
  • Street Name I D X: 7th
  • Year Built: 1899
  • Special Features: None
  • Stories: 2

Interior Features

  • Ceiling: 8-10 Foot
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 1430

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 107
  • Roof: Flat

Utilities

  • Air Conditioning Units: 1
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 1250.00

Lot Info

  • Lot Dimensions: 18.33X78
  • Lot Size Irregular: No
  • Lot Size Length: 78
  • Lot Size Width: 18
  • Zoning: M1-2

Rental Info

  • Rent Income: 57720

Multi Family

  • Annual Gross Income: 45621
  • Insurance Expense: 4500.00
  • Unit Count: 2
  • Annual Utility Expenses: 1300.00

Tax Info

  • Flip Tax Amount: 6399.24

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2025 $6,010 $97,320 $11,160 $86,160
2024 $6,010 $86,640 $11,160 $75,480
2023 $5,717 $84,480 $11,160 $73,320
2022 $5,543 $72,540 $11,160 $61,380
2021 $5,850 $64,680 $11,160 $53,520
2019 $5,167 $54,660 $11,160 $43,500
2018 $4,722 $24,624 $6,034 $18,590
2017 $4,661 $24,336 $6,393 $17,943
2016 $4,555 $24,336 $7,672 $16,664
2015 $2,549 $23,056 $8,716 $14,340
2014 $2,549 $21,751 $9,867 $11,884
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2025 07/03/25 For Sale $1,990,000 -- $813 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 493863

Brooklyn Board of REALTORS®

APN: 00915-0107

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