1740 4, Brooklyn

$1,799,000

11 Beds
6 Baths
6,450 Sqft
0 Acres
0 Garages

A rare opportunity to purchase a VACANT multi-family property. This semi-attached six family three-story building is all brick with a full basement, built in the early 1900. The building is 25 by 86 on a 25 x 100 lot, it offers two units on each floor, two 820 sq. ft. two bedroom apartments on the second and third floors, one 640 sq. ft. 1-bedroom apartment and one 820 sq. ft. two bedroom apartment on the ground floor. This building has a full basement with a separate, locked, storage-area and plenty of space to create a coin-operated laundry room. Upgraded amenities within the last 10 to 15 years include, new roof, new windows, new electrical wiring and new gas boiler. In addition, three apartments were renovated, creating market value rent, plus current DHCRs show the legal projected rents competitive with today’s rental market and offer a projected cap rate of 6.03%. The building is located three blocks from F-train subway line, walking distance from Ocean Parkway, a short driving distance to Manhattan and major highways. Close to Avenue P and MC Donald Avenue shopping areas. This is an excellent opportunity for investing in a solid financial building or converting/developing into condominium project.

Essential Information
MLS® #437556
Price$1,799,000
Bedrooms11
Bathrooms6.00
Full Baths6
Square Footage6,450
Year Built1927
TypeMulti-Family
Sub-TypeMulti-Family
StyleOther
StatusActive
Community Information
Address1740 4
AreaHomecrest
CityBrooklyn
CountyKings (Brooklyn)
StateNew York
Zip Code11223
Amenities
AmenitiesNONE
FeaturesStove
Interior
AppliancesStove
HeatingHot Water, Steam/Radiator
Has BasementYes
# of Stories3
Interior

Ceramic, Hardwood, Laminate, Linoleum

Basement

Full, Semi-Finished, Separate Entrance

Exterior
ExteriorBrick
RoofFlat
ConstructionBrick, Masonry
FoundationPoured Concrete
Additional Information
Date ListedMarch 15th, 2020
Days on Market37
ZoningR5
Property History
Price Reduced from $1,888,990 to $1,799,000
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Listing courtesy of Realty Executives Metro

© 2020 Brooklyn New York MLS. 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 Casandra Properties Inc. Data last updated: June 1st, 2020 at 10:16pm EDT

Listing courtesy of Realty Executives Metro

© 2020 Brooklyn New York MLS. 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 Casandra Properties Inc. Data last updated: June 1st, 2020 at 10:21pm EDT

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