4 Units, Renovated Investment Building
4 Unit Apartment Building | $1,700,000 ($425,000/Unit) | 8.70% Cap Rate | Brooklyn, NY 11236
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,700,000
- Property Type
-
Multifamily
- Square Feet
- 3,520 SF
Listing Contacts
Rita Mahgerefteh
Verified Profile
- Property Info
Property Overview
The subject property is a Two Stories, 4 Family Building with (3) Large 3 Bedroom Apartments and (1) Two Bedroom Apartment, Spread over 3,520 interioer Square Feet. All 4 Apartments Have been Fully Gut Renovated With New Kitchen, New Bath, New Plumbing and New Electric, in Excellent Condition. The Basement has a Separate Entrance From The Front of the Building an Can Be Rented For Storage To a Plumber or Carpenter, Or Office Work, Basement is 1,760 Sqft. All Apartments Are Rented. It Has a Large Building Size 22 X 80 Ft. The Tenants Pay For All Their Utilities, Including Heat, Cooking Gas, And Electric, This Building Provides high Income with Very Low Expenses, Excellent Investment Asset. Close to Public Transportation, Many Stores and Houses of Wohrship and Schools Income is as Follows:
Apt 1F $2,555
Apt1R $3,214
Apt 2R $3,214
Apt 2F $3,214
Basement $1,500
Annual Gross Income 164,164
Water $3000
Insurance $3,500
Electric $500
Tax $9,484
Annual Net Income $147,880
***************************
Address
Primary address 713 Bristol St
Zip code 11236
Neighborhood Brownsville
Borough Brooklyn
Block & lot 03642-0012
Lot sqft 2,650
Lot dimensions 26.5 ft x 100 ft
Ground elevation 18 ft
Corner lot No
Zoning districts R5
Building class Four Families (C3) i
Square feet 3,520
Building dimensions 22 ft x 80 ft
Buildings on lot 1
Stories 2
Roof height 25 ft
Year built 1930
Structure type Walk-up apartment
Construction type Stone
Residential units (DOF) 4
Residential sqft 3,520
Average residential unit size 880
Apt 1F $2,555
Apt1R $3,214
Apt 2R $3,214
Apt 2F $3,214
Basement $1,500
Annual Gross Income 164,164
Water $3000
Insurance $3,500
Electric $500
Tax $9,484
Annual Net Income $147,880
***************************
Address
Primary address 713 Bristol St
Zip code 11236
Neighborhood Brownsville
Borough Brooklyn
Block & lot 03642-0012
Lot sqft 2,650
Lot dimensions 26.5 ft x 100 ft
Ground elevation 18 ft
Corner lot No
Zoning districts R5
Building class Four Families (C3) i
Square feet 3,520
Building dimensions 22 ft x 80 ft
Buildings on lot 1
Stories 2
Roof height 25 ft
Year built 1930
Structure type Walk-up apartment
Construction type Stone
Residential units (DOF) 4
Residential sqft 3,520
Average residential unit size 880
Property Details
- Class
- C
- Year Built/Renovated
- 1930/2023
- Stories
- 2
- Units
- 4
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].