$1,275,000417 85th StreetBrooklyn, New York, 11209

Primary Features

  • Property Type: Residential
  • Property Subtype: Multi-Family
  • Building Size: 1775 sqft.
  • Lot Size: 2475 sqft.
  • Year Built: 1922

Other Features

  • Flooring: Hardwood, Tile
  • Foundation Details: Poured Concrete
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Roof: Flat
  • Electric: 220 V, Circuit Breakers

Location

  • Neighborhood: Bay Ridge
  • City: Brooklyn
  • State: New York
  • Zip: 11209

Pricing & Sale Info

  • Price: $1,275,000
  • Tax Amount: $20,290
  • MLS#: 459050
  • Updated: Jul 28, 2022

About This Property

This is a 6 Family Property consisting of all 3 room 1 Bedroom apartments. 5 of the 6 units are currently occupied. 1 of the 6 is currently vacant. The condition of the property is Excellent! No Violations, No Headaches. Great Cashflow! The location is ideally located in a highly desirable area for prospective tenants. The owner never had an issue with renting these apartments. It is a "Cash Cow" Cap Rate is 4%. Seller is motivated and ready to sell open to hearing all offers. Make this property one of your newest additions to your real estate investment portfolio.