Introducing a prime investment opportunity in the heart of Sunset Park an impressive 8 family brick house spanning 4 stories over a full and finished basement.
Website: | https://www.nestseekers.com/3364802 |
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Address: | 754 40th Street Sunset Park, NY 11232 |
Cross street: | 7th Ave |
Ownership: | For Sale |
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Rooms: | 34 |
Bedrooms: | 16 BR |
Bathrooms: | 8 |
Pets: | Pets No |
Lot Size: | 2504 sq ft |
Financials
Price: | $2,999,000 |
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Annual Taxes: | $14,465 |
Description
Introducing a prime investment opportunity in the heart of Sunset Park - an impressive 8-family brick house spanning 4 stories over a full and finished basement. This property features a total of 8 units, with 2 units situated on each floor. The first floor and basement are thoughtfully configured as two duplex units, each boasting 2 bedrooms, 1 bathroom, a spacious living room, a well-equipped kitchen, and a dedicated dining area. Remarkably, the basement stands out with its high 8.5-foot ceilings, providing an expansive and comfortable living space. Adding to the allure, the 4 units on the 3rd and 4th floors feature charming balconies, offering residents a private outdoor retreat. The roof is fenced for security and privacy, enhancing the overall appeal of the property. The building is equipped with 8 boilers, 8 water heaters, 8 gas meters, and 9 electric meters ensuring efficient and individualized control for each unit. Building size 25*60 over Lot 25*100. Annual property tax of $14,465. Total annual income is $210,912 and total expenses are $26,500. Net income $184,412. This property is positioned near 8th avenue Chinatown, providing easy access to shops, restaurants, banks, and more amenities. Public transport nearby (D, R, N Train and B35, B70 Buses) Don't miss the opportunity to acquire this well-maintained and income-generating asset in the vibrant Sunset Park neighborhood.
Amenities
- Refrigerator
Contact
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1718-302-0900 Fax: +1718-228-3917 | |
Courtesy of RE/MAX Edge |