Sunset Park Real Estate

530 50th Street, Sunset Park, NY 11220

[Sunset Park Real Estate, listing number 3349218]
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Description: 3349218
   PORTFOLIO PACKAGE DEAL: TWO BUILDINGS SOLD TOGETHER (NO SEPARATE SALES). The sale includes both [Building 1 address: 528 50th Street, Brooklyn NY 11220] and [Building 2 address: 530 50th Street, Brooklyn NY 11220]. Attention investors and/or 1031 exchange buyers! Exceptional opportunity to acquire a stable, income-producing multi-family portfolio in one of Brooklynâ??s most resilient rental markets. This offering feature two separate multiple-dwelling rental buildings being sold together, delivering immediate cash flow and a reliable, low-vacancy track record. This property is part of a mandatory two-building portfolio package and cannot be purchased individually. Both properties must close simultaneously under two separate, concurrent contractual agreements. These two Multi-family investment buildings feature rent-stabilized and rent-controlled units, offering a stable and highly predictable cash flow asset. Each building has 10 individual gas meter and 10 individual electric meters. Each building has 9 apartments.

Details:
   Families: 9
   Property Type: Multi-Family
   Built: 1921

Financials:
   Price: $2,495,000

 

Momentum Real Estate LLC
Jenny A. Khin
Office: (718)382-0001

provided by Brooklyn Bd of Realtors