$2,295,000

Estimated payment $13,801/month

Total Views 3,544,761
-- Bed
-- Bath
4,000 Sq Ft
$574 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1-minute walk to 36 Street (D,M,N,R Line)
  • 4-minute walk to D'emic Playground
  • Heating System Uses Steam
  • Back Yard

About This Home

Incredible Investment Opportunity - Mixed Use Building for sale in Sunset Park. This 3 family + 1 Store/Office is located on busy 4th Avenue.
This 4,000 Square Feet building consists of 3 residential apartments located on the 4th, 3rd, & 2nd floor. Each apartment has 3 Bedrooms, Kitchen, Living Room, and a Full Bathroom.
The 1st floor commercial space has access to the finished basement giving it flexibility.
R7A / C2-4 Zoning, FAR 2.47, Annual R.E. taxes are $20,169. Store and 2nd floor currently vacant. Projected Annual Rent Roll = $150,000. Actual Annual Expenses = $32,869.52. Projected NOI = $117,131. *** 5% CAP ***
Super prime, heavy foot traffic location near everything and across the street from the subway! Come take a look for yourself.

Listing Agent

Danny Chung

Listed on: 05/02/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $20,170

Year Built

  • Built in 1931

Lot Details

  • 1,620 Sq Ft Lot
  • Lot Dimensions are 81 x 20
  • Back Yard
  • Property is zoned R7A

Home Design

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

Interior Spaces

  • 4,000 Sq Ft Home
  • 4-Story Property

Flooring

  • Wood
  • Carpet

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Tax Block 697

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $3,300
  • Insurance Expense $5,200
  • Utility Expense $800

Property Details

Property Type

Other

Est. Annual Taxes

$20,170

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1000
  • Building Length: 50.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 36th Street
  • Cross Street Name2: 37th Street
  • Heat Delivery: Hot Water
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4000
  • Building Stories: 4
  • Street Name I D X: 4th
  • Street Number I D X: 943
  • Year Built: 1931
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Carpeting, Hardwood, Other
  • Lot Sq Ft: 1620

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 9
  • Roof: Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3300.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 81
  • Lot Size Width: 20
  • Zoning: R7A

Multi Family

  • Annual Gross Expense: 32869.52
  • Insurance Expense: 5200.00
  • Unit Count: 4
  • Annual Utility Expenses: 800.00

Tax Info

  • Flip Tax Amount: 20169.52

Map

Range of Values:

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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 $18,679 $449,550 $141,750 $307,800
2024 $18,679 $404,100 $141,750 $262,350
2023 $16,970 $387,900 $141,750 $246,150
2022 $16,763 $323,100 $141,750 $181,350
2021 $16,444 $380,250 $141,750 $238,500
2020 $8,932 $417,600 $141,750 $275,850
2019 $14,495 $418,050 $141,750 $276,300
2018 $13,535 $106,416 $36,675 $69,741
2017 $13,404 $105,389 $38,467 $66,922
2016 $13,293 $103,114 $41,536 $61,578
2015 $8,168 $95,477 $41,655 $53,822
2014 $8,168 $88,406 $46,259 $42,147
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2024 05/02/24 For Sale $2,295,000 -- $574 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Deed -- --
Source: Public Records

About the Listing Agent

Danny Chung

As a Brooklyn native, and a seasoned Real Estate Broker, I value the trust my clients place in me and I strive to exceed those expectations.

I understand that buying or selling a home is a major life event. My first priority is to make my clients happy. I listen to my client’s wants and needs to achieve the best possible outcome in every transaction. I strive to ensure that the home buying or selling process is fun, easy and stress-free.

I achieve this by evaluating the entire

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Source: Brooklyn Board of REALTORS®

MLS Number: 481562

Brooklyn Board of REALTORS®

APN: 00697-0009