Nest Seekers

INVESTOR OPPORTUNITY Three income streams under one roof in Ocean Hill, Brooklyn.

New York, NY 11233

Listing

Web ID:5758297
Website:https://www.nestseekers.com/5758297

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$1,450,000
Annual Taxes:$1,809.28

Description

INVESTOR OPPORTUNITY — Three income streams under one roof in Ocean Hill, Brooklyn. Income-producing basement studio (separate ground-level front entrance, r — income starts day one) plus owner's side; first-floor 2-bedroom plus separate basement with flex space. opening to a private backyard/patio; top-floor 3-bedroom / 1 bath. Projected ~$93,600/year gross rent at today's market rates = ~4.9% cap rate and 15.5 gross rent multiplier at list price. Live in one unit and let the other two carry the mortgage, or run it as a pure 3-unit investment — renovated 2-bedrooms command $3,000+ and 3-bedrooms $3,200+ in the neighborhood. Same-street comps support the price (recent MacDougal sale $1.55M). NYC Tax Class 1 keeps property taxes among the lowest in the city. A/C trains at Rockaway Ave — approx. 30 minutes to Midtown. Floor plans available. ALL OFFERS CONSIDERED. Broker open house Saturday, September 26, 11 AM–1 PM; public open house Sunday, September 27, 12–2 PM. Shown by appointment. ---

Amenities

  • Washer/Dryer Hookup
  • Front of the HomeStudio ground entrancefirst and second floor unitfront facing

Contact

Bedford-Stuyvesant, NY
1107 Bedford Avenue
Phone: +1 718-302-0900
Fax: +1 212-252-9347
info@nestseekers.com
Listing Courtesy of Exit Realty All City
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