Presenting an 8-unit multifamily brick building comprised of 8 two-bedroom apartments. The property is located between 5th Avenue and 6th Avenue in the Sunset Park section of Brooklyn. The subject property stands 4 stories, was built in 1910, and measures 25 feet wide by 69 feet deep on a lot that extends 100.17 feet deep. The property is zoned R6B. The subject property is located five blocks away from the 53rd and 45th Street Train Station [N, R and W], providing easy access to Manhattan and the rest of Brooklyn. Long-term ownership and well maintained. First time on market in 35+ years. Attractive protective tax class 2B with restricted property tax increases. Four of the eight units are operating on a preferential rent with significant room to bring to legal rent upon vacancy/turn over. Great investment property opportunity. NOI of $102,000 selling at a 5.5% cap Rate
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.
