Welcome to 519 49th Street in the heart of Sunset Park, this incredible legal 8 family townhouse is a very rare 30' ft-wide, full brick, 6,960 square foot opportunity on a 30' x100' lot. This building features separate meters, updated boiler (2019), new roof (2016), renovated common areas (2018), and upgraded electrical (2016). The garden level opens it self up to your imagination, and can be converted to storage, coin operated laundry, or open common space with access to the back yard, perfect for enjoying in the warmer months. The parlor floor makes up the super's unit and a month to month rental unit. Each apartment has their own private entrance, kitchen and full bathroom. Stairs access to Rooftop with tremendous views of the city. This extraordinary property boasts a great rent roll ($132,823.68 annual), fully occupied, and all long term & current tenants; this investment will be generating positive cash flow as soon as it is yours! Tucked between Park Slope and Bay Ridge, Sunset Park is a bit of a hike from Manhattan and Downtown Brooklyn. Relative obscurity has kept rents low for decades, although that appears to be changing as brownstone families are priced out of Park Slope and Carroll Gardens. A new wave is beginning here: Industry City, a cluster of 16 warehouses on cobblestone streets, now hosts Smorgasburg, The Brooklyn Flea, and Mister Sunday, a day dance party in the summer. The galleries, tech conferences, rooftop movie screenings, and countless artisan shops in that complex are slowly putting Sunset Park on the map for young people. 519 49th Street is a walkers paradise, with easy access to Manhattan via the D, N, R subway lines. Opportunity is calling on this cash flowing turn-key multifamily building in a highly desired location!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
