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Posted: Wednesday, October 1, 2014 10:57 AM

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Richard DiPietro - (718) 921-3100 Ext: 107, Mobile: (347) 693-2995

Multifamily Property For Sale

6 Unit Multifamily Building For Sale

3029 West 24th Street, Brooklyn, NY 11224

Price: $999,999
No. Units: 6
Building Size: 4,845 SF
Price/Unit: $166,666.50
Property Type: Multifamily
Property Sub-type: Mid/High-Rise
Property Use Type: Investment
Cap Rate: 9.40%
No. Stories: 3
Year Built: 1930
Lot Size: 3,073 SF
Last Verified: 6/12/2014
Listing ID: 18624185


  • 9.4% Projected Cap Rate / $112,900 Projected Gross Income / $93,935 Projected Net Income
  • 4,845 SF 3 story building on a 24ft x 128ft lot
  • 1 one bedroom apartment, 5 two bedroom apartments
  • Owner occupied unit to be delivered vacant
  • Down the street from the beach and boardwalk. Nearby attractions include Luna Park, MCU Park, The New York Aquarium and much more.
  • Quite residential block, neighboring adult care facility, nursing homes and elevator apartment buildings.


Coldwell Banker Reliable Commercial Division is pleased to offer 3029 West 24th Street for sale. A six unit multifamily building located in the Coney Island neighborhood of Brooklyn. Building has 1 one bedroom apartment and 5 two bedroom apartments. Upgrades and amenities include: 3 Private Parking Spaces (rentable at $150 Monthly), New Windows / New Chimney / New Roof (12 year warranty), New Boiler / Hot Water Heaters / New Electric, Fully renovated basement and first floor and a $3,100 annual tax abatement. For additional information or to schedule a property tour, please contact exclusive broker Coldwell Banker Reliable Commercial Division.

The neighborhood of Coney Island is located on the western part of the Coney Island peninsula. The former island, westernmost of the barrier islands of Long Island, 4.5 miles long and 1.5 miles wide, was joined with the mainland in the 1940' s, due to the construction of the Belt Parkway. The neighborhood borders Sea Gate (West 37th Street), Gravesend (Belt Parkway), and Brighton Beach (Ocean Parkway).

Richard DiPietro - (718) 921-3100 Ext: 107, Mobile: (347) 693-2995

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.


3029 West 24th Street, 11224    google map | yahoo map

• Location: Brooklyn, Coney Island

• Post ID: 47709430 newyork is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider.