870-872 4th Ave, Brooklyn, NY 11232

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$2,950,000 Sold Price
Sold on 5/27/2022
 
Listing ID 10916028
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood Sunset Park
Unit 872
Total Tax $16,628
Tax ID 676/42
FEMA Flood Map fema.gov/portal
   
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8800 SF Prime Real Estate Asset For Sale

Prime Real Estate Asset for sale! A total of 8,800 SF of usable space seated on a 40 x 100 lot. Located in South Slope/ Greenwood Heights section of Brooklyn. Mixed-use property, with 4000 SF of retail space and 4,800 SF of residential space. This building has 4 large apartments with 4 bedrooms, 1 bathroom each with measurements of 1200 SF per apartment. All apartments have hardwood floors, a large eat-in kitchen. Located within walking distance of Industry City and subway at 36th St Express stop with lines D, N & R. Greenwood Heights neighborhood surrounded by Park Slope & Sunset Park - Close to shopping, transportation, restaurants etc.
Property Details
  • 4 Full Baths
  • 3 Half Baths
  • 8800 SF
  • 4017 SF Lot
  • 3 Stories
  • Unit 872
  • Available 7/07/2020
  • Full Basement
  • Lower Level: Finished
Unit Information
Unit #1 – Net Leasable Area: 1200, Rent Price: 3500, Bedrooms: 4, Full Baths: 1, Occupied
Unit #2 – Net Leasable Area: 1200, Bedrooms: 4, Full Baths: 1
Unit #3 – Net Leasable Area: 1200, Bedrooms: 4, Full Baths: 1
Unit #4 – Net Leasable Area: 1200, Rent Price: 3500, Bedrooms: 4, Full Baths: 1, Occupied
Net Leasable Area: 4000
Interior Features
  • Hardwood Flooring
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Flat Roof
Commercial Info
  • Uses: Retail
  • 6% Cap. Rate
Income/Expenses
  • Gross Income $264,000
  • Net Income $209,872
  • Maintainence Exp $20,000
  • Insurance Exp $5,000
  • Heat Exp $8,500
  • Water Exp $4,000
  • Total Exp $54,128
Taxes and Fees
  • $16,628 Total Tax
Sale Information
  • Sold on 5/27/2022
  • Sold for $2,950,000
  • Buyer's Agent: Eufemia Lolita Andrade
  • Company: Hometown Properties
Previously Listed By
HOMETOWN PROPERTIES
Office: 718-921-7018
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