Legal 3 family on a treelined block in prime Greenwood Heights, 17 x 45 on 17 x 100 lot. Currently set up as 3 rentals with a cap rate of 4.5% as is, 5.5% with improvements. Easy to convert to single family or duplex with rental. 3 stories plus finished basement. 1100+ SF in additional FAR. Current Rent Roll Garden Apt: 1 bedroom 1 bath plus oversized backyard ($1900) Apt 2: 1+ bedroom 1 bath plus balcony ($2100) Apt 3: 2 bedroom 1 bath ($1850) ProForma with improvements Garden Apt: $2600 Apt 2: $2500 Apt 3: $2200 Can be delivered vacant or with tenants. About Greenwood Heights: *Greenwood is a well-kept secret for those seeking a quiet and affordable neighborhood with easy and quick access to Manhattan. * One block from express train stop (N, D, R) 2 stops to downtown Manhattan, 20 minutes to Union Square! * Walking distance to hot Industry City, bustling Sunset Park and trendy South Slope. A longer stroll up 4th Ave brings you to Barclays Center and Atlantic Terminal.

Property Details of 427 36Th Street, Unit Building

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Listed by Helen Chee and Rezwan Sharif of Compass

Based on information submitted to REBNY as of February 3, 2023 1:35 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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