415 50th Street, Brooklyn, NY, 11220 New York City NY US
Property Details
4
7
Sunset Park
Residential
Description
Sunset Park: Excellent FREE MARKET 6-Family Investment Opportunity with CAP RATE 5.8%! Excellent FREE MARKET 6-Family Investment Opportunity!Located in the heart of Sunset Park, a legal 6 family brownstone building that was gut renovated in 2016 with Building Size 20’x45’, Lot size 20’x100’, real estate tax $15,815 per year. The fully finished basement includes newly installed (6) water boilers, (6) gas heat boilers, (6) gas meters and (7) electric meters and a half bathroom. The Roof was replaced in 2020 with a 10 years warranty. All tenants pay for their own gas, electric and water utilities. Each 4 apartments are 1 bedroom and each 2 apartments are a studio. Projected rental income is $117,600/year, expenses $18,015/year, Net Operating Income $99,585/year with Cap Rate about 5.85%.Walking distance to the subway lines N/R/W on the 53 Street stop or 45 Street stop. Convenient nearby shopping at Costco, Wholefoods Market, Industrial City, local supermarkets, and dining at eclectic restaurants, café and bakery. Must See! Find out more about this property. Request details here
Location
Address
415 50th Street, Brooklyn, New York 11220, United States
City
New York
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