902 42nd St, Brooklyn, NY 11219

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$3,295,000
$100K
Active for Sale
 
Listing ID 11262042
Property Type Multi-Unit (2-4)
County Kings
Township Kings County
Neighborhood Borough Park
Total Tax $62,674
FEMA Flood Map fema.gov/portal
Year Built 1928
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Don't miss this rare chance to own a 16-family brick building in Sunset Park, a prime location in Brooklyn. This corner property is rent stabilized and has a zoning of R6, offering great potential for development. The building size is 40x90 and the lot size is 40x100. All units have two bedrooms and are fully occupied, generating a gross income of 307,353 and a net income of 208,718. This is a solid investment opportunity with a 6% cap rate. Close to transportation, shopping, and schools.
Property Details
  • 32 Total Bedrooms
  • 16 Full Baths
  • 14400 SF
  • 4017 SF Lot
  • Built in 1928
  • 4 Stories
  • Available 1/21/2024
  • Other Style
  • Full Basement
  • Lower Level: Finished
Interior Features
  • Separate Kitchen
  • Oven/Range
  • Refrigerator
  • Hardwood Flooring
  • 128 Rooms
  • Living Room
  • Dining Room
  • Family Room
  • Kitchen
  • Steam Radiators
  • Gas Fuel
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Flat Roof
  • Subdivision: Street
  • Street View
Community Details
  • Mid-rise (Bldg. Style)
Taxes and Fees
  • $62,674 Total Tax
  • Tax Year 2023
Listed By
REMAX REAL ESTATE PROFESSIONALS
Office: 347-721-6599
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