12 Bed 7 Bath Multi-family For Sale $1,899,999 4,929 sqft ($385 per sqft)
Owner:
4 EMPTY APTS! 3 FREE MARKET RENTS! FINISHED EMPTY BASEMENT! Excellent brick construction, 3 stories, 6 family residential, each 2 bedroom units, inves
...read more4 EMPTY APTS! 3 FREE MARKET RENTS! FINISHED EMPTY BASEMENT! Excellent brick construction, 3 stories, 6 family residential, each 2 bedroom units, investment/income producing property, on a prime ""banglatown"" location. Zoned R5, this extra wide 23.6' X 69' building is located on an extra long 23.6' X 125' lot, with a huge garden in back. This property provides a RARE opportunity to acquire 4 VACANT units, with 3 FREE MARKET RENTS, 3 RS units and a full finished basement with a bathroom. Yearly income potential $170K+. Property was gut renovated with new bathrooms, kitchens, plumbing, boilers & electrical works with individual circuit breakers inside each unit! Potential to convert 1 unit into a home office on the 1st floor front; architecture was hired, plan was submitted to DOB for approval. With 4 empty apts, of which 3 of them are PERMANENTLY EXEMPT from rent stabilization, and another 1 which you can easily turn into an office on 1st flr for leasing, why would you buy another similar building that has all rent stabilized tenants and no free market rents?? Call for more details. No brokers please.
