Nest Seekers

Investor's Delight ! Exceptional opportunity to own an income producing 8 family brown brick walk up in the heart of the historic South Park neighborhood.

New York, NY 11215

Listing

Web ID:5763137
Website:https://www.nestseekers.com/5763137

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$2,650,000
Annual Taxes:$18,263.84

Description

Investor's Delight! Exceptional opportunity to own an income-producing 8-family brown brick walk-up in the heart of the historic South Park neighborhood. Built in the 1930s, this well-maintained property features six rent-stabilized apartments and two free-market apartments, offering an excellent balance of stable income and future growth potential. Each spacious apartment includes two bedrooms, a living room, dining room, kitchen, and full bath, with the fourth-floor apartment boasting beautiful city views. Building improvements include a 4-year-old roof, a new boiler, updated electrical system, double-pane windows, an Energy Star furnace and water heater, a programmable thermostat, and a full basement with Bilco doors. Conveniently located near schools, shopping, restaurants, parks, and public transportation, this is an outstanding opportunity for investors seeking steady cash flow and long-term appreciation. Ideal for a 1031 Exchange buyer or anyone looking to expand their investment portfolio with a solid Brooklyn multifamily asset in a highly desirable location.

Amenities

  • Electricity Connected
  • Natural Gas Connected

Contact

Williamsburg, NY
578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
williamsburg@nestseekers.com
Listing Courtesy of Empire State Realty Group NY
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