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Posted: Wednesday, October 1, 2014 10:58 AM

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Richard Dipietro - (718) 921-3100 ext. 107, Mobile: (347)693-2995

License# 10401232124


Multifamily Property For Sale

East Flatbush 17 Unit Mixed-Use Building For Sale

803 East 49th Street, Brooklyn, NY 11203

Price: $2,888,000
No. Units: 17
Building Size: 14,400 SF
Price/Unit: $169,882.35
Property Type: Multifamily
Property Sub-type: Mid/High-Rise
Property Use Type: Investment
Cap Rate: 7%
No. Stories: 4
Year Built: 1930
Lot Size: 4,000 SF
Last Verified: 7/1/2014
Listing ID: 18777082


Highlights

  • $278,616 Projected Gross Income / $202,549 Projected Net Income
  • 14,400 SF building / 4,000 SF lot
  • 14 one bedroom apartments and 3 Commercial Units.
  • Potential conversion from one bedroom apartments to two bedrooms.
  • Corner property, excellent condition, upgrades include a New Gas Boiler
  • 25 year lease with Verizon Corp. for part of the basement and roof. Rent is $3,443 monthly with 1% annual increases.

Description

Coldwell Banker Reliable Commercial Division is pleased to offer 803 East 49th Street for sale. A four story mixed use building located in the East Flatbush neighborhood of Brooklyn, NY. Property consists of 14 Residential Units and 3 Commercial Units and is located one block from Utica Avenue; a major retail corridor consisting of shops, restaurants, consumer services, day cares, religious facilities and more. Nearby Public Transportation includes B8, B46 Buses and the 2 and 5 Trains. For additional information or to schedule a property tour, please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

East Flatbush is a middle class residential neighborhood in Brooklyn, NY. Its northern border is roughly at Empire Boulevard and East New York Avenue east of 91st Street, its southern border is in the vicinity of the LIRR Bay Ridge Branch, its eastern border is roughly at East 98th Street and its western border is roughly at New York Avenue.


Richard Dipietro - (718) 921-3100 ext. 107, Mobile: (347)693-2995

License# 10401232124


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

CJ6DL9M

803 East 49th Street, 11203    google map | yahoo map

• Location: Brooklyn

• Post ID: 50298842 newyork
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