$1,997,000
643 Morgan Avenue
Brooklyn, NY 11222
MLS# 1164980
Status: Closed
10 beds  |  6 baths  |  3367 sqft
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Property Description
If you're looking for an investment that you can both live in and make money then 643 Morgan Avenue is for you. It offers the purchaser an excellent income potential in a low maintenance modern building. If you're considering buying a Condo that is about $2M, why not consider this 3 Family that potentially make you money without the wait of board approval or requirements. This 3 family property is perfect for a primary residence with two income producing units or as an investment property. Currently, all three units are being used as free market rentals. Built in 2005 - All units has been renovated with lots of upgrades. All units have an outdoor area. Building has coin operating washer and dryer machine for extra income. Tenants pay all their own utilities. Landlord pays for RE taxes, insurance, water/sewer and common utilities for laundry/hallway/areas, etc. Income: $3350 per month / $40,200 annual - 1st Floor duplex with basement - 3 Bedrooms and 2 Bathrooms with a back yard. $3100 per month / $37,200 annual - 2nd Floor - 3 Bedrooms and 2 Bathrooms with back outdoor balcony. $4000 per month/ $48,000 annual - 3rd Floor duplex with 4th floor - 4 Bedrooms and 2 Bathrooms with a huge outdoor terrace. $100 per month / $1,200 annual - Garage (potential garage rent is $400 to $450 per month) Total Annual Income: $126,600 Located in Greenpoint Brooklyn NY in close proximity to McGolrick Park, small shops, restaurants, transportation, etc... Please note that all showings are by appointments only because all units are currently tenants occupied. For more information, please contact DiTommaso Realty for more information and showing appointment. Thank you!

Details
Maps
Address/Legal
Section: N/A
Contract/Location Information
List Price/SqFt: 620.14
CofO: No
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
Stories: 4
Taxes: 10626
Tax Abated: No
Lot Size SqFt: 1123
Year Built Info: Approx
Lot Dim: 24x46.8
No. of Heating Units: 3
Air Conditioner: Units
# of A/C Units: 10
Condition: Excellent
Basement Type: Full
Public Remarks: If you're looking for an investment that you can both live in and make money then 643 Morgan Avenue is for you. It offers the purchaser an excellent income potential in a low maintenance modern building. If you're considering buying a Condo that is about $2M, why not consider this 3 Family that potentially make you money without the wait of board approval or requirements. This 3 family property is perfect for a primary residence with two income producing units or as an investment property. Currently, all three units are being used as free market rentals. Built in 2005 - All units has been renovated with lots of upgrades. All units have an outdoor area. Building has coin operating washer and dryer machine for extra income. Tenants pay all their own utilities. Landlord pays for RE taxes, insurance, water/sewer and common utilities for laundry/hallway/areas, etc. Income: $3350 per month / $40,200 annual - 1st Floor duplex with basement - 3 Bedrooms and 2 Bathrooms with a back yard. $3100 per month / $37,200 annual - 2nd Floor - 3 Bedrooms and 2 Bathrooms with back outdoor balcony. $4000 per month/ $48,000 annual - 3rd Floor duplex with 4th floor - 4 Bedrooms and 2 Bathrooms with a huge outdoor terrace. $100 per month / $1,200 annual - Garage (potential garage rent is $400 to $450 per month) Total Annual Income: $126,600 Located in Greenpoint Brooklyn NY in close proximity to McGolrick Park, small shops, restaurants, transportation, etc... Please note that all showings are by appointments only because all units are currently tenants occupied. For more information, please contact DiTommaso Realty for more information and showing appointment. Thank you!
Rent Control # of Units: 0
Rent Stabilized # Units: 0
Bedrooms: 10
Full Baths: 5
Total Baths: 6
Year Built: 2005
Building SqFt: 3367
Number of Units: 3
Garage Capacity: 1
Status Change Info
Projected Close Date: 2024-03-20
Pending Date: 2023-12-20
Sold Date: 2024-02-27
Sold Price: $1,997,000
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 5
Unit 1 - # Bedrooms: 3
Unit 1 - # Baths: 2
Rent/Month: 3350
Sewer
City: 1
Income & Expenses
Gross Income: 126000
Net Income: 109924
Total Expense: 16676
Unit 2
Unit 2 - Level: 2
Unit 2 - # Rooms: 5
Unit 2 - # Bedrooms: 3
Unit 3
Unit 3 - Level: 3
Unit 3 - # Rooms: 5
Unit 3 - # Bedrooms: 4
Rent/Month: 4000
Unit 3 - # Baths: 2
Electric
220: 1
Heat Source
Gas: 1
Heat System
Hot Water: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
On Street: 1
Siding
Brick: 1
Non Member
Non Member Office: Nest Apple Realty
Non Member Name: Nicole Fishman
AddressLegal
Street No.: 643
Street Name: Morgan
Street Suffix: Avenue
County: Kings
State: NY
Zip Code: 11222
Area Name: Greenpoint
Parcel ID: 2659-134
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2023-10-18
Sold Price: $1,997,000
Current Price: $1,997,000
Sub-Type: 3F
Zoning: R6-B
Block: 2659
Lot: 134
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Parking: On Street
Siding: Brick
Heat Source: Gas
Heat System: Hot Water
Listing Courtesy of DiTommaso Real Estate

Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial 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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