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814 44 Street, Brooklyn, NY, 11220 $1,900,000

Multi Family Commercial , 8100 SqFt 

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Details ML#: H6295774  

  • # of Families: 9
  • Sale or Rent:Sale
  • Year Built: 1931
  • Taxes: $22,703
  • Status:Active

Description

LEGACY FAMILY OWNED BUILDING IN A COMMUNITY WITH A 1.5% LOW VACANCY RATE. NEVER WANT FOR GREAT TENANTS. Located between the vibrant communities of Sunset Park and Borough Park. This 9-unit rent stabilized building embodies a perfect synergy between skilled pre-war craftsmanship and modern updates. Marble staircase, wrought iron railing, original mosaic floors & reinforced steel beam construction are the period features that make this building special. Recent updates include new fire safety doors, new windows & a new roof. The building was meticulously maintained. First time on the market in four decades. This property is fully occupied with on time cash paying quality tenants. Multiple public transportation options. FIVE 2BRs and FOUR 1BRs, completed with a high ceiling basement covering the entire footprint, a roof overlooking NYC skyline & a back yard area. GROSS POTENTIAL RENT = $178, 289 (updated 6/19). N.O I. = $101, 262. CAP RATE = 5.7%. FULL REPORT & INTERIOR VIDEO AVAILABLE.

More Property Details

Room Information

Bedroom: 14   Full Bath: 9  

Property Features

Lot Sq Ft: 2462   Approx. Int. Sq. Ft.: 8100.00   Parking Spaces: Yes   Parking Facilities: On Street  

Appliances & Utilities

Heat: Natural Gas, Radiant   A/C: None, Wall/Window Unit(s)   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $22,703   Maintenance: $5,400  

Local Area Information

School District: Contact Agent  

Listing Information provided courtesy of Keller Williams Realty NYC Grp  (718) 697-6800
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