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- LoopNet Team
2821-2823 Avenue Z
Brooklyn, NY 11235
SHEEPSHEAD BAY BEAUTY 12 FAMILY CORNER BRICK · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 9,600 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1935/2005 |
| Zoning | R4 - R4- districts allow all types of housing at a slightly higher density than permitted in R3-2 districts | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1935/2005 |
| Zoning | R4 - R4- districts allow all types of housing at a slightly higher density than permitted in R3-2 districts |
AMENITIES
UNIT AMENITIES
- Kitchen
- Hardwood Floors
- Oven
- Tub/Shower
- Yard
- Basement
- Double Pane Windows
ABOUT 2821-2823 AVENUE Z , BROOKLYN, NY 11235
PRIME CORNER SHEEP-HEAD BAY NEIGHBORHOOD . 1 BLOCK OFF NOSTRAND AVE IMAGINE 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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+4 | 4 | $1,700 | 650 |
PROPERTY TAXES
| Parcel Number | 07444-0023 | Improvements Assessment | $490,050 |
| Land Assessment | $54,000 | Total Assessment | $544,050 |
PROPERTY TAXES
