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$ 1,849,000
Est. payment | /mo
6 Baths
5,250 SqFt
$ 1,849,000
Est. payment | /mo
6 Baths
5,250 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,250 sqft
Price per Sqft $352
MLS Listing ID 496882
Full Baths 4
Half Baths 4
Year Built 1985
Annual Tax Amount $39,000
Property Sub-Type Multi-Family
Property Description
Prime Four-Family Income-Producing Property in Homecrest, Brooklyn – 5% CAP Rate!
Built in 1985 and ideally located just off Kings Highway in the desirable Homecrest neighborhood, this well-maintained four-family brick townhouse offers an excellent investment opportunity with strong cash flow and long-term growth potential.
Spanning approximately 5,250 square feet, the property features four spacious duplex units, each around 1,312 sq. ft. with three bedrooms, 1.5 bathrooms, and in-unit washer and dryer. All apartments are separately metered for gas and electric, with tenants paying their own utilities (except water).
Unit A: Rented for $2,800/month + utilities
Unit B: Projected rent $2,900/month + utilities
Unit C: Rented for $3,500/month + utilities
Owner's Unit D: Projected rent $3,500/month – will be delivered vacant at closing
The building has been well cared for, featuring a new roof, updated kitchens, hardwood floors, and bright, open layouts with plenty of natural light throughout. Each unit has its own mechanical room, ensuring easy maintenance and privacy for tenants.
Financial Highlights:
Annual Taxes: $40,243
Net Operating Income: Approx. $110,000
Cap Rate: ~5%
Investment Highlights:
? Four large duplex apartments – excellent rental income potential
? Prime Homecrest location off Kings Highway
? Stable tenants and immediate cash flow
? Perfect for investors or owner-occupants
? Easy access to B & Q subway lines, express buses, and major retail corridors
Don't miss this rare opportunity to own a solid, high-performing multifamily asset in one of Brooklyn's most sought-after neighborhoods.
Contact us today to schedule a private showing!
Built in 1985 and ideally located just off Kings Highway in the desirable Homecrest neighborhood, this well-maintained four-family brick townhouse offers an excellent investment opportunity with strong cash flow and long-term growth potential.
Spanning approximately 5,250 square feet, the property features four spacious duplex units, each around 1,312 sq. ft. with three bedrooms, 1.5 bathrooms, and in-unit washer and dryer. All apartments are separately metered for gas and electric, with tenants paying their own utilities (except water).
Unit A: Rented for $2,800/month + utilities
Unit B: Projected rent $2,900/month + utilities
Unit C: Rented for $3,500/month + utilities
Owner's Unit D: Projected rent $3,500/month – will be delivered vacant at closing
The building has been well cared for, featuring a new roof, updated kitchens, hardwood floors, and bright, open layouts with plenty of natural light throughout. Each unit has its own mechanical room, ensuring easy maintenance and privacy for tenants.
Financial Highlights:
Annual Taxes: $40,243
Net Operating Income: Approx. $110,000
Cap Rate: ~5%
Investment Highlights:
? Four large duplex apartments – excellent rental income potential
? Prime Homecrest location off Kings Highway
? Stable tenants and immediate cash flow
? Perfect for investors or owner-occupants
? Easy access to B & Q subway lines, express buses, and major retail corridors
Don't miss this rare opportunity to own a solid, high-performing multifamily asset in one of Brooklyn's most sought-after neighborhoods.
Contact us today to schedule a private showing!
Location
State NY
County Kings (brooklyn)
Area Midwood
Zoning R5B
Rooms
Basement Cellar
Interior
Hot Water Gas
Heating Gas
Flooring Carpeting, Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Secure Lobby, NONE
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by eXp Realty BKNY
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