UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 985412
Bedrooms 8
Full Baths 5
Rental Info No
Year Built 1910
Annual Tax Amount $7,033
Lot Size 1,999 Sqft
Acres 0.0459
Property Sub-Type Quadruplex
Source onekey2
Property Description
This impressive 4-family property offers approximately 4,800 square feet of living space, presenting an exceptional opportunity for both investors and end-users alike.
Unit 1 (First Floor):
Upon key fob entry, you're welcomed into a spacious 2-bedroom, 1-bathroom apartment spanning 1,086 sq ft. This unit features organic hardwood floors, well-proportioned bedrooms positioned on opposite ends (north and south exposure), and a thoughtfully designed layout with a separate living room and dining area.
Unit 2 (Second Floor):
A beautifully renovated (2019) 2-bedroom, 2-bathroom unit offering 1,200 sq ft. Highlights include hardwood flooring, stainless steel appliances, recessed lighting, and a convenient pass-through kitchen with ample counter space. Bathrooms are upgraded with LED lighting, sliding glass shower doors, linoleum tile flooring, and granite backsplash finishes.
Unit 3 (Third Floor):
Currently configured as a 2-bedroom, 1-bathroom unit (1,200 sq ft) and will be delivered vacant at closing. This unit presents a value-add opportunity to convert into a 4-bedroom layout, with an estimated rental income of $3,850–$4,000/month.
Unit 4 (Fourth Floor):
A 1,314 sq ft unit requiring a full gut renovation, offering maximum flexibility to design to your specifications. Potential to create a 4-bedroom, 2-bathroom apartment, also projected to generate $3,850–$4,000/month in rental income.
Location & Transportation:
Situated in the rapidly developing Ocean Hill neighborhood of Brooklyn, this property is just one block from the A, C, and J subway lines, with Broadway Junction only one stop away, providing access to the A, C, J, L, and Z trains for seamless commuting throughout NYC.
***Delivered with 2 Tenants and 2 Vacancies****
PORFORMA 9.5% CAP RATE
Location
State NY
County Kings (brooklyn)
Rooms
Basement Partial
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Brooklyn 13
School District Brooklyn 13
Others
Senior Community No
Special Listing Condition None
Nearby Locations
GET MORE INFORMATION
Athena Pettway
Broker Associate | License ID: 10301221193
Broker Associate License ID: 10301221193