238 55 Street
Brooklyn, New York NY 11220
$13,800,000 Price
Active Status
Est. Monthly Payment: $59,265.11 See Details
64 Bedrooms
32 Full Baths
32 Total Baths
14,022 Square Feet
408558 Listing ID
Five Stories mixed-use elevator building located in prim Sunset Park, Brooklyn. The building consists 32 residential units, all are 2 bedrooms apartment. Six community offices and 18 parking spaces. The total building size is 45,000 sqf and zoning is R6B. This is truly a turn-key trophy investment. Great opportunity for 1031 exchange. The seller can assign $6,750,000 mortgage to the new owner with low interest rate as 3.25%. FINANCIAL SUMMARY: Gross total income $866,520 (rental income-$674,988, commercial income-$125,472, parking spaces income-$44,460, laundry-$21,600). Total Expenses $250,360 (taxes-$183,630, water/sewer-$38,000, fuel/gas-$600, insurance-$10,000, payroll-super-$8,400). Net income (NOI) $615,890.
Schedule Showing
Status Active
County Kings (Brooklyn)
Year Built 1998
Property Type Multi-Family
Multi-Family
Property Sub Type Multi-Family
{"zipcode": "11220", "price": "13800000"}
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Primary Features

Borough: Brooklyn
Building Amenities: NONE
County: Kings (Brooklyn)
MLS Area Major: Sunset Park
Property Sub Type: Multi-Family
Property Type: Multi-Family
Sale Type: Arm's Length
Stories: 5
Year Built: 1998
Zoning: R6B

Interior Features

Basement Amenities: None
Flooring: Hardwood
Hot Water: Gas
Unit Count: 1

Location Information

Block: 829
Cross Street Name: 2nd Ave
Cross Street Name 2: 3rd Ave
Lot Number: 20
Street Suffix: Street

External Features

Building Footprint Sq Ft: 9000
Building Length: 90.00
Building Type: Detached
Building Width: 100.00
Construction Materials: Brick
Exterior: Brick
Foundation Details: Poured Concrete
Handicap Access YN: No
Lot Size Length: 100
Lot Size Width: 25
Lot Sq Ft: 2504
Roof: Flat
Yard: None

Additional

Electric: 110 V
Heat Delivery: Hot Air
Heating Fuel: Gas
Negotiate Thru: Broker
Number Of Available Units: 32
Residential Features: Stove
Status: Active

Financial Details

Financing: Bank Mortgage, Cash, Conventional
Tax Amount: 183630.00
Transaction Type: Sale

Zoning Info


© 2017 Brooklyn MLS (BMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Exit Realty Professionals

Contact - Listing ID 408558

Doreen Greenwood

2738 Gerritsen Avenue
Brooklyn, NY 11229
Phone: 7187694448

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