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$12,400,000
Est. payment /mo
46,200 SqFt
UPDATED:
03/06/2025 01:54 PM
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 46,200 sqft
Price per Sqft $268
MLS Listing ID 489468
Annual Tax Amount $165,342
Property Sub-Type Mixed Use
Property Description
An exceptional investment opportunity, this fully occupied residential rental property offers stable income in a sought-after location. Well-maintained and thoughtfully managed, the building features high tenant retention and strong rental demand. Situated in a desirable neighborhood with convenient access to local amenities, public transportation, and major thoroughfares, this property ensures long-term value appreciation. Ideal for investors seeking a turnkey asset with reliable cash flow. 48 units (all are rent stabilized) Fully occupied Well maintained Recently upgraded building Income 1,008,912 Expenses 300,822 NOI 708,090
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Rooms
Basement Full
Interior
Interior Features Elevator – Passenger, Fire Sprinkler, Handicap Design, Intercom, Lobby
Hot Water Gas
Heating Oil
Flooring Granite, Hardwood
Heat Source Oil
Exterior
Exterior Feature Brick Face
Roof Type Flat
Building
Foundation Poured Concrete
Others
Energy Description Oil
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge