$1,699,999 ***RARE FIND**FREE MARKET*** 6-Family Investment Opportunity with potential CAP RATE 5.7%!

Located in the heart of Sunset Park, a legal three-story, six Family FREE MARKET brownstone that was completely gut renovated in 2016 with Building Size 20'x45', Lot size 20'x100', real estate tax $15,815 per year. The fully finished basement includes newly installed (6) water boilers, (6) gas heat boilers, (6) gas meters and (7) electric meters and a half bathroom. The Roof was replaced in 2020 with a 10 years warranty. This 6 family consists of 4 units as 1 bedroom and 2 units as a studio. Landlords incur lower annual expenses because each 6 units have independent separate meters. Tenants pay their own gas, heat, electric and hot water utilities. Projected rental income is $118,200/year, expenses $21,215/year, Net Operating Income $96,985/year with Cap Rate about 5.7%. Walking distance to the subway lines N/R/W on the 53 Street stop or 45 Street stop. Convenient nearby shopping at Costco, Wholefoods Market, Industrial City, local supermarkets, and dining at eclectic restaurants, caf and bakery.

Thanks for your interest!

Property Details of 415 50Th Street, Unit Building

Property Details

Utilities and Appliances

Map Location

Driving Directions

Listed by Anny Yau of BC Realty Group LLC

Based on information submitted to REBNY as of January 29, 2023 5:55 AM 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.

 
 

 

 

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: