Listing Courtesy of DiTommaso Real Estate
$2,685,000
Brooklyn, NY 11229
MLS# 2402402
10 beds | 8 baths | 5440 sqft
1 / 14
Property Description
Top property for investor/homeowner or 1031 Exchange! Situated in prime residential area Homecrest, Brooklyn, neighboring Sheepshead Bay, Brooklyn,. Built in 2003, this EXTRA LARGE ALL BRICK building 32 x 68, lot 51.42 x 122.25. The 2.5 story(each unit is a duplex apartment) with a full basement, is one of a kind legal 3 family property. You can both live in and make a great income. If you are considering buying a Condo for about $2M, why not consider this 3 Family property that can be 3 condos value and easy to rent without additional board requirements or a wait for board approval. The property is a low maintenance modern building. Three units have been totally renovated with lots of upgrades: beautiful hardwood floors throughout each unit; granite countertops; wood cabinets; stainless appliances in every kitchen in each unit. 1st floor is a ONE UNIT apartment (1F + 1R), has 4 bedrooms, 4 bathrooms, two master bedrooms comes with two private bathrooms, the living room, dining room, and kitchen ARE DOUBLE SIZES (pls call for explanation) and the unit connects with huge full finished basement, making it a duplex. 2nd floor TWO UNITS apartments 2F and 2R, the 16 feet high ceiling in living room gives one a side hall feel of luxury duplex! Both units have a spacious Living room, dining area combo, kitchen, 1 bathroom, one bedroom and a spiral staircase taking you to upper level for 2 bedrooms, and one 4 piece bathroom in the hallway. All bathrooms are high taste/quality tiled. All units have an outdoor area. A huge garage sits in the back of long driveway (parks 3-4 cars)This 3 family property is also CONDO CONVERSION READY, perfect for a primary residence with two great income producing units or as an investment property solely. All three units are being used as free market rentals currently. 4 boilers, 4 hot water tanks, 4 electricity meters,4 gas meters (1st unit has 2 boilers & 2 hot water tanks-it can become legal 2 units after closing).
Details
Maps
Address/Legal
Street No.: 1111
Street Name: Sheepshead Bay
Street Suffix: Road
County: Kings
State: NY
Zip Code: 11229
Area Name: Sheepshead Bay
Section: N/A
Parcel ID: 07397-0059
Country: United States
Contract/Location Information
Status: Active
Listing Date: 2024-04-30
List Price: $2,685,000
Current Price: $2,685,000
List Price/SqFt: 493.57
Sub-Type: 3F
Zoning: R4
Block: 07397
Lot: 0059
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
Stories: 3
Bedrooms: 10
Full Baths: 8
Total Baths: 8
Year Built: 2003
Year Built Info: Approx
Taxes: 25472
Tax Abated: No
Lot Size SqFt: 5800
Lot Dim: 51.42x122.25
Irregular: No
Building SqFt: 5440
Condition: Excellent
Number of Units: 3
Garage Capacity: 2
Basement Type: Full
No. of Heating Units: 3
Air Conditioner: Units
Public Remarks: Top property for investor/homeowner or 1031 Exchange! Situated in prime residential area Homecrest, Brooklyn, neighboring Sheepshead Bay, Brooklyn,. Built in 2003, this EXTRA LARGE ALL BRICK building 32 x 68, lot 51.42 x 122.25. The 2.5 story(each unit is a duplex apartment) with a full basement, is one of a kind legal 3 family property. You can both live in and make a great income. If you are considering buying a Condo for about $2M, why not consider this 3 Family property that can be 3 condos value and easy to rent without additional board requirements or a wait for board approval. The property is a low maintenance modern building. Three units have been totally renovated with lots of upgrades: beautiful hardwood floors throughout each unit; granite countertops; wood cabinets; stainless appliances in every kitchen in each unit. 1st floor is a ONE UNIT apartment (1F + 1R), has 4 bedrooms, 4 bathrooms, two master bedrooms comes with two private bathrooms, the living room, dining room, and kitchen ARE DOUBLE SIZES (pls call for explanation) and the unit connects with huge full finished basement, making it a duplex. 2nd floor TWO UNITS apartments 2F and 2R, the 16 feet high ceiling in living room gives one a side hall feel of luxury duplex! Both units have a spacious Living room, dining area combo, kitchen, 1 bathroom, one bedroom and a spiral staircase taking you to upper level for 2 bedrooms, and one 4 piece bathroom in the hallway. All bathrooms are high taste/quality tiled. All units have an outdoor area. A huge garage sits in the back of long driveway (parks 3-4 cars)This 3 family property is also CONDO CONVERSION READY, perfect for a primary residence with two great income producing units or as an investment property solely. All three units are being used as free market rentals currently. 4 boilers, 4 hot water tanks, 4 electricity meters,4 gas meters (1st unit has 2 boilers & 2 hot water tanks-it can become legal 2 units after closing).
Unit 1
Level: 1
# Rooms: 10
# Bedrooms: 4
# Baths: 4
Rent/Month: 4200
Unit 2
Level: 2
# Rooms: 7
# Bedrooms: 3
# Baths: 2
Rent/Month: 3000
Unit 3
Level: 2
# Rooms: 7
# Bedrooms: 3
# Baths: 2
Rent/Month: 3000
Income & Expenses
Gross Income: 122400
Total Expense: 33800
Net Income: 88600
Appliances
Total # Ranges: 3
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Parking: Off Street
Garage Location: Detached
Siding: Brick
Extras: Cable
Heat Source: Electric; Gas
Heat System: Hot Water
Supplements
Tenants pay all their own utilities. Landlord pays for RE taxes, insurance, water/sewer and common utilities for stairways/hallway areas. Total annual Rental Income: $122,400 (it can be increased after leases are up) Excellent transportation: walk 5 minutes to Bus B68, 7 minutes to Q train, or 11 minutes to B train, and transfer to A, C, E, F, G, J, L, M, N, R, S, W, going anywhere in NYC. 10 minutes walk to shore the waterfront, and IT'S NOT IN FLOOD ZONE! No flood insurance required. Close to shops, restaurants, supermarkets, fitness clubs, museums, schools, libraries, parks, and etc... Please note that all showings are by appointments only because all units are occupied by excellent tenants and require 72 hours notice. For more information, please contact the listing agent for more information and showing appointments. Thank you!
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.