Listed by REMAX EDGE
$1,589,000
2503 E 19th Street
Details
APN 07440-0089
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 5,042
Units 6
Cap Rate 6.23%
Year Built 1928
Buildings 1
Stories 3
Acreage 0.060
Zoning R 4
Multifamily | 6.23% CAP | 6 Units
Marketing description
Sheepshead Bay 6-Family Investment Opportunity!
Solid semi-attached 6-family brick building located in the Sheepshead Bay section of Brooklyn. This well-maintained property features five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a strong and stable rental mix for investors.
The building includes a full-sized unfinished basement with excellent potential for storage or additional utility space. Several recent capital improvements have already been completed, including recent boilers and updated kitchens in most units, helping to reduce future expenses while increasing tenant appeal.
With a cap rate over 6 pcnt, this property presents a compelling opportunity for investors seeking strong cash flow in Brooklyn. Conveniently situated near shopping, public transportation, schools, restaurants, and all neighborhood amenities.
Pre-approval or proof of funds is required prior to scheduling a showing.
Listing Contacts
Listed by REMAX EDGE
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