LEGACY FAMILY OWNED BUILDING IN A COMMUNITY WITH A 1.5% VACANCY RATE. NEVER WANT FOR GREAT TENANTS. Located between the vibrant communities of Sunset Park and Borough Park. This 9-unit rent stabilized building embodies a perfect synergy between skilled pre-war craftsmanship and modern updates. Marble staircase with wrought iron railing, original mosaic floors & reinforced steel beam construction are the period features that make this building special. Recent updates include new fire safety doors, new windows & a new roof. The building was meticulously maintained. First time on the market in four decades. This property is fully occupied with on time cash paying quality tenants. Multiple public transportation options. FIVE 2BRs and FOUR 1BRs, completed with a high ceiling basement covering the entire footprint, a roof overlooking Manhattan skyline & a back yard area. GROSS POTENTIAL RENT = $175, 445. NET OPERATING INCOME = $101, 262. CAP RATE = 5%. FULL REPORT and INTERIOR VIDEO AVAILABLE.
Bedroom: 14 Full Bath: 9
Lot Size: 0.06 Lot Sq Ft: 2462 Approx. Int. Sq. Ft.: 8100.00 Garage: 0.0 Parking Facilities: On Street
Heat: Natural Gas, Hot Water A/C: None, Window Unit(s) Water: Public Sewer: Public Sewer Garbage Removal: Public
Taxes: $22,703 Maintenance: $5,400
School District#: 14 School District: Community District 14
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