$1,399,000

Estimated payment $9,203/month

Total Views 15,537
11 Beds
8 Baths
5,750 Sq Ft
$243 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to Newkirk Avenue (B,Q Line)
  • Heating System Uses Steam
  • Ditmas Junior High school Rated A-
  • Back and Side Yard

About This Home

Rare-Find Excellent Investment Opportunity for this 8-Family Brick Building is located is the center of the prime commercial. It is right across from B/Q subway Newkirk Plaza and surrounded by ALL major public transportation, shopping, restaurant, convenience stores, national chains and much more to mention. This building features 3 two-bedroom and 5 one-bedroom apartments, total of 11 bedrooms and 8 full bathrooms, building size is 20x84' with 5750 square feet and sitting on 20x100' lot. Rent roll is upon request. Won't Last!

Listing Agent

Jason Zhou

RE/MAX Edge License #10301217017 Listed on: 11/12/2024

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,416

Year Built

  • Built in 1931

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back and Side Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 5,750 Sq Ft Home
  • 4-Story Property
  • Unfinished Basement
  • Walk-Out Basement
  • Stove

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 11 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 5235

Community Details

Overview

  • 8 Units

Building Details

  • Fuel Expense $9,200
  • Insurance Expense $14,000
  • Utility Expense $1,120
  • Gross Income $101,400
  • Net Operating Income $46,969

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,416

Year Built

Built in 1931

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Separate Entrance, Unfinished
  • Total Bathrooms: 8.00
  • Borough: Brooklyn
  • Building Length: 84.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Newkirk Av
  • Cross Street Name2: Foster 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: 5750
  • Building Stories: 4
  • Street Name I D X: Marlborough
  • Year Built: 1931
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 8
  • Total Bedrooms: 11
  • Flooring: Hardwood, Laminate, Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Side
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 22
  • Roof: Flat

Utilities

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

Fee Information

  • Annual Fuel Expense: 9200.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6A

Multi Family

  • Annual Gross Expense: 54431.00
  • Annual Gross Income: 101400
  • Insurance Expense: 14000.00
  • Property Net Operating Income: 46969.00
  • Annual Utility Expenses: 1120.00

Tax Info

  • Flip Tax Amount: 21416.00

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 $21,416 $610,650 $6,750 $603,900
2024 $21,416 $608,040 $6,750 $601,290
2023 $20,851 $506,700 $6,750 $499,950
2022 $19,257 $516,600 $6,750 $509,850
2021 $18,851 $465,300 $6,750 $458,550
2020 $17,455 $489,150 $6,750 $482,400
2019 $16,619 $489,150 $6,750 $482,400
2018 $16,630 $130,752 $2,030 $128,722
2017 $15,399 $121,069 $2,164 $118,905
2016 $15,239 $118,207 $2,330 $115,877
2015 $9,383 $109,456 $2,447 $107,009
2014 $9,383 $101,362 $2,109 $99,253
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2024 11/12/24 For Sale $1,399,000 -- $243 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 487406

Brooklyn Board of REALTORS®

APN: 05235-0022

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