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$ 1,980,000
Est. payment | /mo
12 Beds
8 Baths
$ 1,980,000
Est. payment | /mo
12 Beds
8 Baths
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 854103
Bedrooms 12
Full Baths 8
Rental Info No
Year Built 1985
Annual Tax Amount $40,242
Property Sub-Type Quadruplex
Source onekey2
Property Description
Built in 1985 off King's highway within the Homecrest neighborhood of Brooklyn. Well maintained four family income producing duplex brick town house with a total of around 5,250 square feet. Each unit is around 1,312 sq ft with three bedrooms, one & a half bathrooms and their own washer dryer. One year leases with separate meters & utilities except water. Unit A rented for $2,600 per month + utilities. Unit B rented for $2,900 per month + utilities. Unit C rented for $3,050 per month + utilities. Owner's Unit D located on both the second and third floor to be delivered vacant upon closing. Yearly property taxes of $40,243.
Current yearly rental income: $102,600. Current yearly net income: $55k.
Proforma with full occupancy market rents: Potential yearly rental income $148,800.
Potential yearly net income: $98,800 @ 5% cap.
Significant income and value add opportunity as a neighboring nearly identical quadruplex townhome was converted to 8 family units!
(Conservative proforma with 8 total units fully renovated, split and occupied as 4 - two bedroom, one bathroom units of around 800 sq ft and 4 - one bedroom, one bathroom units around 500 sq ft)
Potential yearly income: $200K+
Potential yearly net income: around $140k+ @ 7% cap
Commuter, walker and food lover paradise next to B & Q subways (38 minutes to Manhattan Canal Street financial district!) B2, B7, B31, B49, B68, B82, B100 buses, Target, Marshalls, TJ Maxx, 7-11, family owned groceries and pharmacies, CVS, Sunflower cafe, Forefeathers chicken, Mabat, Bordeaux steakhouse, Argo, Look Deer, Jersey Shore Sushi, Edo, Meshuga, Tokyo, My Grill bar, Rondel, Vesuvius, J&R pizza, Family Uz Restobar, Village cafe, X Factory, Tacos Linos, Best Halal gyro, Affy's grill, Casa Maria's, Blueberry Mexican grill bakery, Gong Cha bubble tea, shopping mall, Harbor fitness, banks, shops, salons, spas, post office, Brooklyn public library and the newly renovated Kelly park playground.
Near world renowned Michelin approved Tanoreen, Neta Shari, Ayat, East Harbor Seafood Palace, Chuan Tian Xia restaurants, 530 acre Marine park, playgrounds, biking greenways, dog friendly areas, wifi spots, soccer, handball, tennis, skating, basketball, baseball, football, bocce, cricket, fitness equipment, hiking, canoeing, kayaking, paddleboating, model aircraft fields, great trees, salt marsh nature trail hosts 325 bird, 50 butterfly, 100 finfish species, unique regional flora, fauna, 18 hole Championship golf course, water views, country club quality greens, fairways, driving range, Aviator sports events center, Floyd Bennett camping field, Gerritson, Kiddie, Manhattan, Plum, Brighton & Coney Island beaches, boardwalk, marinas, fishing, Belt parkway, Verrazzano & Marine parkway bridges, hospitals, police and fire stations. 18 minute non rush hour drive to Manhattan, 20 mins to LaGuardia, 24 mins to JFK and 35 mins to Newark international airports!
Zoning R5B. Please do not disturb tenants.
Current yearly rental income: $102,600. Current yearly net income: $55k.
Proforma with full occupancy market rents: Potential yearly rental income $148,800.
Potential yearly net income: $98,800 @ 5% cap.
Significant income and value add opportunity as a neighboring nearly identical quadruplex townhome was converted to 8 family units!
(Conservative proforma with 8 total units fully renovated, split and occupied as 4 - two bedroom, one bathroom units of around 800 sq ft and 4 - one bedroom, one bathroom units around 500 sq ft)
Potential yearly income: $200K+
Potential yearly net income: around $140k+ @ 7% cap
Commuter, walker and food lover paradise next to B & Q subways (38 minutes to Manhattan Canal Street financial district!) B2, B7, B31, B49, B68, B82, B100 buses, Target, Marshalls, TJ Maxx, 7-11, family owned groceries and pharmacies, CVS, Sunflower cafe, Forefeathers chicken, Mabat, Bordeaux steakhouse, Argo, Look Deer, Jersey Shore Sushi, Edo, Meshuga, Tokyo, My Grill bar, Rondel, Vesuvius, J&R pizza, Family Uz Restobar, Village cafe, X Factory, Tacos Linos, Best Halal gyro, Affy's grill, Casa Maria's, Blueberry Mexican grill bakery, Gong Cha bubble tea, shopping mall, Harbor fitness, banks, shops, salons, spas, post office, Brooklyn public library and the newly renovated Kelly park playground.
Near world renowned Michelin approved Tanoreen, Neta Shari, Ayat, East Harbor Seafood Palace, Chuan Tian Xia restaurants, 530 acre Marine park, playgrounds, biking greenways, dog friendly areas, wifi spots, soccer, handball, tennis, skating, basketball, baseball, football, bocce, cricket, fitness equipment, hiking, canoeing, kayaking, paddleboating, model aircraft fields, great trees, salt marsh nature trail hosts 325 bird, 50 butterfly, 100 finfish species, unique regional flora, fauna, 18 hole Championship golf course, water views, country club quality greens, fairways, driving range, Aviator sports events center, Floyd Bennett camping field, Gerritson, Kiddie, Manhattan, Plum, Brighton & Coney Island beaches, boardwalk, marinas, fishing, Belt parkway, Verrazzano & Marine parkway bridges, hospitals, police and fire stations. 18 minute non rush hour drive to Manhattan, 20 mins to LaGuardia, 24 mins to JFK and 35 mins to Newark international airports!
Zoning R5B. Please do not disturb tenants.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished, Full
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Hot Water, Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Senior Community No
Special Listing Condition None
Listed by Hanmi Realty
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Kristina Evans
Broker | License ID: 10491211077
515 Madison Ave 8th Floor # 8094, York, NY, 10022, United States