Sunset Park Real Estate

415 50th Street, Sunset Park, NY 11220

[Sunset Park Real Estate, listing number 7038613]

Description: 7038613
   *RARE FIND*FREE MARKET* Legal 6-Family Investment Opportunity with potential CAP RATE 5.7%! Located in the heart of Sunset Park, a legal three-story, six Family FREE MARKET brownstone that was completely gut renovated in 2016 with Building Size 20â??x45â??, Lot size 20â??x100â??, real estate tax $15,815 per year. The fully finished basement includes newly installed (6) water boilers, (6) gas heat boilers, (6) gas meters and (7) electric meters and a half bathroom. The Roof was replaced in 2020 with a 10 years warranty. This 6 family consists of each 4 units as 1 bedroom and each 2 units as a studio. Landlord incurs lower annual expenses because each 6 units have independent separate meters. Tenants pay their own gas, heat, electric and hot water utilities. Projected rental income is $118,200/year, expenses $21,215/year, Net Operating Income $96,985/year with Cap Rate about 5.7%. Walking distance to the subway lines N/R/W on the 53 Street stop or 45 Street stop. Convenient nearby shopping at Costco, Wholefoods Market, Industrial City, local supermarkets, and dining at eclectic restaurants, café and bakery. Thanks for your interest!

   Families: 6
   Bathrooms: 7
   Property Type: Multi-Family
   Built: 1931

   Price: $1,699,999


BC Realty Group LLC
Anny Yau
Office: (347)921-2111

provided by Brooklyn Bd of Realtors