814 44 ST Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11220
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYH6295774
Year Built 1931
Annual Tax Amount $22,703
Property Description
LEGACY FAMILY OWNED BUILDING IN A COMMUNITY WITH A 1.5% LOW VACANCY RATE. NEVER WANT FOR GREAT TENANTS. Located between the vibrant communities of Sunset Park and Borough Park. This 9-unit rent stabilized building embodies a perfect synergy between skilled pre-war craftsmanship and modern updates. Marble staircase, wrought iron railing, original mosaic floors & reinforced steel beam construction are the period features that make this building special. Recent updates include new fire safety doors, new windows & a new roof. The building was meticulously maintained. First time on the market in four decades. This property is fully occupied with on time cash paying quality tenants. Multiple public transportation options. FIVE 2BRs and FOUR 1BRs, completed with a high ceiling basement covering the entire footprint, a roof overlooking NYC skyline & a back yard area. GROSS POTENTIAL RENT = $178,289 (updated 6/19). N.O I. = $101,262. CAP RATE = 5.7%. FULL REPORT & INTERIOR VIDEO AVAILABLE.
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas,Radiant
Cooling None,Wall/Window Unit(s)
Flooring Hardwood
Exterior
Garage On Street
Fence Fenced
Utilities Available Trash Collection Public
Building
Lot Description Near School,Near Shops,Near Public Transit,Level
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Contact Agent
Middle Schools Call Listing Agent
High Schools Contact Agent
School District Brooklyn
Others
Special Listing Condition None