$1,399,000

Estimated payment $9,210/month

Total Views 16,834
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

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 $23,123 $711,900 $6,750 $705,150
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

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
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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