38 Bay 32nd Street
38 Bay 32nd Street Brooklyn, New York 11214 United States

$1,350,000
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Value-Add Opportunity! 6-unit building with (1) 1-bedroom, (4) 2-bedroom and (1) 3-bedroom units. All brick, large building w/ high ceilings, 3 floors plus full basement & 1 parking space. Building is 5,244 sf not including basement. The units are individually metered for cooking gas/electric. Tenants pay for cooking gas and electric. Owner pays for heat, hot water, common electric and cold...
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$1,350,000
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2
Bedrooms
1
Full Bath
1
Partial Bath
4
Rooms
2,900 Sq Ft.
Exterior
Multi-Family Homes
Property Type
1924
Year Built
1140264
Web Id
New York City Department Of Education
School District

About 38 Bay 32nd Street

Value-Add Opportunity! 6-unit building with (1) 1-bedroom, (4) 2-bedroom and (1) 3-bedroom units. All brick, large building w/ high ceilings, 3 floors plus full basement & 1 parking space. Building is 5,244 sf not including basement. The units are individually metered for cooking gas/electric. Tenants pay for cooking gas and electric. Owner pays for heat, hot water, common electric and cold water/sewer. Lot size 30x96. R5 zoning. Current rental income at 50% occupancy is $36,360 yearly. Expenses are approximately $32,736 (includes taxes). No leases, 2 vacant units and 1 owner-occupied. Seller will deliver with 3 vacancies (2F, 3F, 3R). Taxes $17,916 yearly. Building is Rent Stabilized. Adjacent 6-unit building for sale, see MLS# 1140263. Buy as package or separate.

Listing Courtesy of HT Realty USA, LLC

Amenities

  • Steam Room
  • Steam Shower
  • City Strip Views

features

cooling
2 or More Units, Gas, Individual, Window Units

Property Details

Garage(s)
0.00
Stories
3.0

Interior

Rooms
4

Unit Information

Total Units
6

Additional Information

Price Per Sq. ft
$257.44
Taxes
$17, 916