$349,000
PENDING

58 Saint Nicholas Ave Unit 6 Brooklyn, NY 11237

Bushwick Neighborhood

Estimated payment $3,068/month

Total Views 84,254
8 Beds
6 Baths
4,800 Sq Ft
$73 Price per Sq Ft

About This Home

DEAL OF THE CENTURY, CASH DEAL OR HARD MONEY ONLY! Solid six (6)-family rent stabilized building in prime Bushwick area, a lot of potential, building 20x80, lot 20x90, totaling 4,800 sqft interior space. It consists of four 1 bedroom apartments and two 2 bedroom apartments. 7 electric meters and 7 gas meters, new boiler and hot water tank. Annual gross income is approximately $53,000, expense $27,000, and net income $26,000. Sold as is with all paying tenants, fully occupied. Annual property tax is $14,810. Priced to sell. Excellent location, close to all! Buyers are responsible for all violations and are advised to do their own due diligence. SOLD AS IS. Proof of fund required prior to any showing. Any reasonable offer will be considered! All showings and open houses by appointment only

Listing Agent

Dazhi Simon Su

RE/MAX Edge License #10401276216 Listed on: 09/30/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,810

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 90 x 20

Home Design

Interior Spaces

  • 4,800 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Cooling Available

Listing and Financial Details

  • Tax Block 3200

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $3,000
  • Insurance Expense $5,000
  • Utility Expense $360
  • Gross Income $52,500
  • Net Operating Income $25,830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,810

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 80.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Willoughby Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Other
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 4800
  • Street Name I D X: St Nicholas
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 8
  • Flooring: Other
  • Lot Sq Ft: 1800

Exterior Features

  • Yard: Other
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Other
  • Foundation Details: Other
  • Lot Number: 32
  • Roof: Other

Utilities

  • Air Conditioning Units: 1
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Fee Information

  • Annual Fuel Expense: 3000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 90
  • Lot Size Width: 20

Multi Family

  • Annual Gross Expense: 26670.00
  • Annual Gross Income: 52500
  • Insurance Expense: 5000.00
  • Property Net Operating Income: 25830.00
  • Annual Utility Expenses: 360.00

Tax Info

  • Flip Tax Amount: 14810.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 Price Changed $349,000 -12.5% $73 / Sq Ft
12/07/2024 12/07/24 Price Changed $399,000 -11.3% $83 / Sq Ft
10/24/2024 10/24/24 Price Changed $450,000 -5.3% $94 / Sq Ft
09/30/2024 09/30/24 For Sale $475,000 -- $99 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
Source: Brooklyn Board of REALTORS®

About the Listing Agent

Dazhi Simon Su
Dazhi Simon Su

RE/MAX Edge

(929) 577-3829

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- Local expert in Brooklyn and Staten Island
- Top producer since 2019 at the #1 real estate company
- Specializing in single family, multi-family (including rent stabilized assets), mixed-use, and certain niche commercial assets
- Services include but not limited to legal, tax, financing, and renovation consultation with real world experiences
- Free market analysis | As-is Sales | 1031 Exchange | Tenant Relocation | Violation Corrections | Professional Staging | Foreclosure &

View Dazhi Simon's Profile

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Source: Brooklyn Board of REALTORS®

MLS Number: 486401

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11237 Bushwick

58 Saint Nicholas Ave Unit 6, Brooklyn, NY

Pending

MultiFamily

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Dazhi Simon Su
Dazhi Simon Su
Listing Agent Section Image
RE/MAX Edge
(929) 577-3829