$1,999,9991314 44th StreetBrooklyn, New York, 11219

LISTED BY

RE/MAX Edge

Request More Information

Ask us about this listing

Primary Features

  • Beds: 12
  • Property Type: Residential
  • Property Subtype: Multi-Family
  • Building Size: 1875 sqft.
  • Lot Size: 2504 sqft.
  • Year Built: 1930

Other Features

  • Flooring: Carpeting, Ceramic,Hardwood,Tile
  • Foundation Details: Poured Concrete
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Parking Attributes: Other
  • Roof: Flat, Rubber
  • Electric: 220 V

Location

  • Neighborhood: Boro-Park
  • City: Brooklyn
  • State: New York
  • Zip: 11219
  • Zoning: C 4-3

Pricing & Sale Info

  • Price: $1,999,999
  • Tax Amount: $14,970
  • MLS#: 462796
  • Updated: May 21, 2022

About This Property

Attention developers and investors!!! First time on market! Great opportunity to own this rare find commercial zoning district building (25x75 on 25x100.17 lot) which is only one building away from 13 Ave. GREAT location in the heart of Boro-Park. High traffic area. Money maker solid brick 6 family building plus full basement with separate front & back entrances. Several apartments have been modernized in recent years. Rubber roof in excellent condition. Windows in every room to bring a lot of natural sunlight and fresh air. Each apartment has 2 bedrooms, living room, open concept dining/kitchen combo. Current rent is $1800/unit. 2 units will be delivered vacant at closing. Current rent roll is $136,800 a year. Over 5% Cap rate. Projected rent roll is $151,200. Projected Cap Rate is 5.87%. The annual property tax is only $14,970. This is an amazing well kept property with tremendous potentials that is ideal for investors or end users. Buildable commercial sqft is 2889. Commercial FAR is 3.4, meaning can build 8514 sqft commercial facility.( Please verify with architect). 5 stars school district. Close to Fort Hamilton Pkwy D train station. It's a real gem that you can't miss.