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Property 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.

Facts and Features
: Natural Gas, Hot Water
: None, Window Unit(s)
: Full, Walk-out Access
: Back Yard
: Hardwood
: Near Public Transit, Level
: On Street
: Public Sewer
Address Map
Sunset Park
NY
Brooklyn
From Fort Hamilton Pkwy make a right onto 44th St. (Located between 8th Ave and 9th Ave)
Property and Construction
: Brick
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H20855
KWRNYC
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9
$22,703
: Public
34

Residential Income For Sale

814 44 Street, Sunset Park, NY

14 Bedrooms
9 Bathrooms
8,100 Sqft
$1,900,000
Listing ID #H6295774
Basic Details
Property Type : Residential Income
Listing ID : H6295774
Price : $1,900,000
Bedrooms : 14
Bathrooms : 9
Square Footage : 8,100 Sqft
Lot Area : 0.06 Acre
Year Built : 1931
Status : Active
Bathrooms Total : 9
Status : A
Property SubType : Multi Family
Listing Office : Keller Williams Realty NYC Grp
Listing Agent : Gregory Tsougranis
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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