2821-2823 Avenue Z

    BROOKLYN, NY 11235
    • $4,400,000
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 434719
    UPDATED: 8 min ago
    $4,400,000
    • 20
      BEDS
    • 0.09
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 9,600
      SQFT
    • $458
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935

    School Ratings & Info

    Description

    PRIME CORNER SHEEP-HEAD BAY NEIGHBORHOOD . 1 BLOCK OFF NOSTRAND AVEIMAGINE THE POSSIBILITIES *** THIS MULTI 12 -FAMILY CORNER BRICK 2821 And 2823 AVENUE Z PROPERTY CONSIST of TWO 6 FAMILY BUILDINGS UNDER ONE DEED. EACH BUILDING IS A 3 STORY walk-up APARTMENT BUILDING & HAS SIX 2 BEDROOM APARTMENTS & THE ATTACHED BUILDING THAT is ADJACENT 2823 EAST 29TH STREET which has FOUR 1 BEDROOM APARTMENTS PLUS TWO 2 BEDROOM APARTMENTS.IT IS A METICULOUSLY MANICURED BRICK STRUCTURE . TOTAL 20 ROOMS... EXCELLENT INVESTMENT OR GREAT FOR THE USER..ONLY 2 BLOCKS FROM AFFLUENT UP AND COMING SHEEP-HEAD BAY , CLOSE TO SCHOOLS, TRANSPORTATION, BEACHES, SHOPPING, RESTAURANTS, AND BEST SCHOOL DISTRICT, MANY HOUSES OF WORSHIP.. A REAL MONEY MAKER..SOLID BRICK 2 LOTS, TAXES $35,015 LAND 40 BY 100 AND 40 BY 80 BUILDING. BUILT 1935 ZONE R 4, 8 YEARS YOUNG RUBBER ROOF ,, NO ALTERNATE STREET PARKING, NO RENT STABILIZATION, NO LEASES, NO RENT CONTROLS. YOU CAN ADD A LAUNDRY IN THE BASEMENT FOR ADDITIONAL INCOME AND POSSIBLE SIGNAGE FACING AVENUE Z..GAS HEAT FOR ENTIRE BUILDING UPDATED 10 YEARS AGO. 20 FEET BEHIND THE BUILDING IS OPEN LAND AND BASEMENT ACCESS.DELIVERED VACANT UPON REQUEST, INDIVIDUAL ELECTRIC METERS, SOME UNITS ARE RECENTLY RENOVATED . POSSIBILITY OF CO-OPING UNITS OR BUILD INTO CONDO'S. CHECK WITH AN ARCHITECT. POSSIBLE FULL POSSESSION. THIS IS TRULY A RARE FIND IN THIS MARKET. EXCELLENT FOR THE 1031 TAX EXCHANGE INVESTOR...INCOME $292,800. ----APPROXIMATE RE.TAX.$ 35,000. FUEL $10,000.INSURANCE $6,000.WATER $ 5,000. TOTAL $ 56,000. NET OPERATING INCOME $236,800. CAP RATE .054% SUBJECT TO ERRORS AND OMISSIONS.

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    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-12-06T14:00:21.913.
    www.remaxedgeny.com/homes/100910093

    2821-2823 Avenue Z BROOKLYN, NY 11235

    • Price: $4,400,000
    • Status: Active
    • Updated: 8 min ago
    • MLS #: 434719
    20
    Beds
    12
    Baths
    0
    ½ Baths
    0.09
    Acres
    9,600
    SQFT
    $458
    $/SQFT
    1935
    Built
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Sheepshead Bay
    Property Description
    PRIME CORNER SHEEP-HEAD BAY NEIGHBORHOOD . 1 BLOCK OFF NOSTRAND AVEIMAGINE THE POSSIBILITIES *** THIS MULTI 12 -FAMILY CORNER BRICK 2821 And 2823 AVENUE Z PROPERTY CONSIST of TWO 6 FAMILY BUILDINGS UNDER ONE DEED. EACH BUILDING IS A 3 STORY walk-up APARTMENT BUILDING & HAS SIX 2 BEDROOM APARTMENTS & THE ATTACHED BUILDING THAT is ADJACENT 2823 EAST 29TH STREET which has FOUR 1 BEDROOM APARTMENTS PLUS TWO 2 BEDROOM APARTMENTS.IT IS A METICULOUSLY MANICURED BRICK STRUCTURE . TOTAL 20 ROOMS... EXCELLENT INVESTMENT OR GREAT FOR THE USER..ONLY 2 BLOCKS FROM AFFLUENT UP AND COMING SHEEP-HEAD BAY , CLOSE TO SCHOOLS, TRANSPORTATION, BEACHES, SHOPPING, RESTAURANTS, AND BEST SCHOOL DISTRICT, MANY HOUSES OF WORSHIP.. A REAL MONEY MAKER..SOLID BRICK 2 LOTS, TAXES $35,015 LAND 40 BY 100 AND 40 BY 80 BUILDING. BUILT 1935 ZONE R 4, 8 YEARS YOUNG RUBBER ROOF ,, NO ALTERNATE STREET PARKING, NO RENT STABILIZATION, NO LEASES, NO RENT CONTROLS. YOU CAN ADD A LAUNDRY IN THE BASEMENT FOR ADDITIONAL INCOME AND POSSIBLE SIGNAGE FACING AVENUE Z..GAS HEAT FOR ENTIRE BUILDING UPDATED 10 YEARS AGO. 20 FEET BEHIND THE BUILDING IS OPEN LAND AND BASEMENT ACCESS.DELIVERED VACANT UPON REQUEST, INDIVIDUAL ELECTRIC METERS, SOME UNITS ARE RECENTLY RENOVATED . POSSIBILITY OF CO-OPING UNITS OR BUILD INTO CONDO'S. CHECK WITH AN ARCHITECT. POSSIBLE FULL POSSESSION. THIS IS TRULY A RARE FIND IN THIS MARKET. EXCELLENT FOR THE 1031 TAX EXCHANGE INVESTOR...INCOME $292,800. ----APPROXIMATE RE.TAX.$ 35,000. FUEL $10,000.INSURANCE $6,000.WATER $ 5,000. TOTAL $ 56,000. NET OPERATING INCOME $236,800. CAP RATE .054% SUBJECT TO ERRORS AND OMISSIONS.
    Exterior Features

    Building Length 80.00 Building Width 40.00 Construction Materials Brick Exterior BrickStone Lot Size Length 100 Lot Size Width 40 Roof FlatRubber Style Other Water Front Present No Yard Fenced - PartialOther

    Interior Features

    Basement Amenities CellarFullSeparate Entrance Baths Total Level1 2.00 Baths Total Level2 2.00 Baths Total Level3 2.00 Baths Total Level4 0.00 Beds Total Level1 2 Beds Total Level2 2 Beds Total Level3 2 Beds Total Level4 0 Building Footprint Sq Ft 3200 Flooring Other Foundation Details Poured Concrete Heat Delivery Steam/RadiatorOther Rooms Total Level1 4 Rooms Total Level2 4 Rooms Total Level3 4 Rooms Total Level4 0 Total Rooms 20

    Property Features

    ACUnits 5+ Block 7444 Building Amenities Door €€Œ IntercomNon-Resident Superintendent Certificate Of Occupancy YN 1 Construction Type Attached Cross Street Name Ave Z Cross Street Name2 Ave Y Electric 110 V200 AmpFuses Financing Bank MortgageCash Fuel Expense 7000.00 Gross Income 292800 Gross Lease 0 Handicap Access No Heating Fuel Gas Hot Water Hot Water Coil in BoilerOther Lot Number 23 Lot Size Irregular YN 0 Net Operating Income 253383.00 Number Of Available Units 12 Number Of Families 12 Property Sub Type Multi-Family Property Type Residential Rent Income 283950 Rent Income Period 0 Residential Features A/C Unit - WindowDryerMicrowaveRefrigeratorStoveWasherOther Tax Amount 35017.00 Transaction Type Sale Zoning R4

    Listing information © 2019 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Sav-A-Lot Realty Inc.


    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-12-06T14:00:21.913.
     
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