622 Chester Street, Brooklyn, NY 11212

17 Photos
 
$2,200,000 Sold Price
Sold on 7/28/2021
6 Beds
8 Baths
Built In 1930
 
Listing ID 10952809
Property Type Townhouse
County Kings
Neighborhood Brownsville
FEMA Flood Map fema.gov/portal
Year Built 1930
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REAL STREET has been hired to exclusively represent this mixed useincome producing multi family in a up and coming Brownsville inBrooklyn, NY.The subject property is located on a busy corner with approx. 100' ofexposure and is fully leased out. The building is entirely FREE Marketand consists of 3 stores and 4 apartments.The entire building has been updated with new mechanicals and isseparately metered.Plenty of upside in this property with the ability to increase the rentson both the stores (#2&3 are under market) as well as increasing rentswith some of the apartments.Gross Rental Income: $172,044.00Annual Expenses: $13,600.00NOI: $158,444.00CURRENT RENTS:Store #1 (Papas Chicken): $4,500.00/monthStore #2 (Papas Chicken): $1,500.00/monthStore #3 (Places Bar & Grill): $1,500.00/monthApt #1: (2 bedrooms) $1,534.00/monthApt #2: (1 bedroom) $1,690.00/monthApt #3: (3 bedrooms) $2,400.00/monthApt #4: (studio apt) $1,213.00/month
Property Details
  • 6 Total Bedrooms
  • 8 Full Baths
  • Built in 1930
  • Townhouse (Apt. Type)
  • Townhouse Style
Interior Features
  • 21 Rooms
Community Details
  • Townhouse (Bldg. Style)
  • Pre War Building
Sale Information
  • Sold on 7/28/2021
  • Sold for $2,200,000
Previously Listed By
Real Street Inc.
Office: 718-400-8776
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