248 55th St
Brooklyn, NY 11220
Multifamily Property For Sale
·
32 Units
Property Facts
| No. Units | 32 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 45,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2001 |
| Building Class | B | Parking Ratio | 0.86/1,000 SF |
| Zoning | R6B | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 45,000 SF |
| No. Stories | 4 |
| Year Built | 2001 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R6B |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Elevator
About 248 55TH ST , BROOKLYN, NY 11220
Five Stories mixed-use elevator building located in prim Sunset Park, Brooklyn. The building consists 32 residential units, all are 2 bedrooms apartment. Six community offices and 18 parking spaces. The total building size is 45,000 sqf and zoning is R6B. This is truly a turn-key trophy investment. Great opportunity for 1031 exchange. The seller can assign $6,750,000 mortgage to the new owner with low interest rate as 3.25%. FINANCIAL SUMMARY: Gross total income $866,520 (rental income-$674,988, commercial income-$125,472, parking spaces income-$44,460, laundry-$21,600). Total Expenses $250,360 (taxes-$183,630, water/sewer-$38,000, fuel/gas-$600, insurance-$10,000, payroll-super-$8,400). Net income (NOI) $615,890 Close proximity to retailers, park, restaurants, schools, medical facilities, day cares, etc. Nearby public transportation includes: N & R trains
Property Taxes
| Parcel Number | 00829-0020 | Improvements Assessment | $1,317,150 |
| Land Assessment | $450,900 | Total Assessment | $1,768,050 |
Property Taxes
