$1,550,000
PENDING

Estimated payment $9,507/month

Total Views 6,614
16 Beds
8 Baths
6,348 Sq Ft
$244 Price per Sq Ft

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back and Front Yard

About This Home

Rare-Find Great Investment 8-Family Building with 8% Cap is located in Prime Sunset Park Neighborhood. It features 8 two-bedroom apartments on the four stories Over basement with front separate entrance, net operation income is about $120k, building size 25x69' sitting on 25x100' lot and huge potential for growth. Won't Last!

Listing Agent

Jason Zhou

RE/MAX Edge License #10301217017 Listed on: 11/07/2024

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,827

Year Built

  • Built in 1910

Lot Details

  • 2,504 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 6,348 Sq Ft Home
  • 4-Story Property
  • Walk-Out Basement
  • Stove

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 775

Community Details

Overview

  • 8 Units

Building Details

  • Fuel Expense $7,800
  • Insurance Expense $5,000
  • Utility Expense $1,000
  • Gross Income $159,996
  • Net Operating Income $119,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,827

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Separate Entrance
  • Total Bathrooms: 8.00
  • Borough: Brooklyn
  • Building Length: 69.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 5th Av
  • Cross Street Name2: 6th Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 8
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 6348
  • Building Stories: 4
  • Street Name I D X: 49th
  • Year Built: 1910
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 8
  • Total Bedrooms: 16
  • Flooring: Hardwood, Laminate, Tile
  • Lot Sq Ft: 2504

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 68
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 7800.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R6B

Multi Family

  • Annual Gross Expense: 40103.00
  • Annual Gross Income: 159996
  • Insurance Expense: 5000.00
  • Property Net Operating Income: 119893.00
  • Annual Utility Expenses: 1000.00

Tax Info

  • Flip Tax Amount: 16827.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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 $10,687 $72,840 $10,800 $62,040
2024 $10,687 $85,680 $10,800 $74,880
2023 $10,806 $75,720 $10,800 $64,920
2022 $10,090 $73,920 $10,800 $63,120
2021 $10,485 $57,060 $10,800 $46,260
2019 $9,276 $44,340 $10,800 $33,540
2018 $9,101 $44,647 $10,008 $34,639
2017 $8,586 $42,120 $9,732 $32,388
2016 $8,348 $41,760 $10,339 $31,421
2015 $2,504 $41,760 $8,569 $33,191
2014 $2,504 $39,438 $8,093 $31,345
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2025 06/17/25 Price Changed $1,550,000 -6.1% $244 / Sq Ft
11/07/2024 11/07/24 For Sale $1,650,000 -- $260 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Administrators Deed $10,000 --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 487292

Brooklyn Board of REALTORS®

APN: 04721-0045