Sheepshead Bay 6 Family Investment Opportunity !


Property

Website: https://www.nestseekers.com/5339799
Address:
New York, NY 11235
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,589,000
Annual Taxes:$21,200

Description

Sheepshead Bay 6-Family Investment Opportunity! Solid semi-attached 6-family brick building located in the Sheepshead Bay section of Brooklyn. This well-maintained property features five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a strong and stable rental mix for investors. The building includes a full-sized unfinished basement with excellent potential for storage or additional utility space. Several recent capital improvements have already been completed, including recent boilers and updated kitchens in most units, helping to reduce future expenses while increasing tenant appeal. With a cap rate over 6%, this property presents a compelling opportunity for investors seeking strong cash flow in Brooklyn. Conveniently situated near shopping, public transportation, schools, restaurants, and all neighborhood amenities.

Amenities

  • Refrigerator

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of RE/MAX Edge