REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
4 Beds
6 Baths
$ 1,500,000
Est. payment | /mo
4 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 505107
Bedrooms 4
Full Baths 6
Year Built 1950
Annual Tax Amount $18,731
Property Sub-Type Multi-Family
Property Description
Unique income-producing investment opportunity in Brighton Beach. This substantial brick property is currently configured as five occupied residential units, consistent with the five-unit configuration described in the appraisal and architectural plans.
The appraisal reports approximately 3,840 SF of building area. Architectural plans show approximately 3,782 SF above grade and 5,370 SF of total gross floor surface including basement/cellar areas.
The property consists of a two-story and partial three-story structure with a partial basement and one-car garage. Features include red-brick construction, poured-concrete foundation, replacement Thermopane windows, gas heating, storage and mechanical areas. Originally constructed in 1950 and most recently altered in 2003, the property is described in the appraisal as being in good overall condition with no deferred maintenance observed at the time of inspection.
The configuration includes a larger residential portion comparable to a 4-bedroom, 2-bath dwelling plus four additional apartments. All five units are currently occupied, with rents significantly below the market-rent levels estimated in the appraisal, offering potential long-term upside for an investor.
Architectural plans have been prepared for conversion to five dwelling units, identifying one existing dwelling unit plus four additional units. Current occupancy is two-family; the five-unit configuration has not yet been completed. Buyer to independently verify DOB status, architectural plans, existing tenancies, square footage and all requirements necessary to complete the legalization process.
Appraisal and architectural plans are available upon request for additional information regarding the property, proposed five-unit configuration.
The appraisal reports approximately 3,840 SF of building area. Architectural plans show approximately 3,782 SF above grade and 5,370 SF of total gross floor surface including basement/cellar areas.
The property consists of a two-story and partial three-story structure with a partial basement and one-car garage. Features include red-brick construction, poured-concrete foundation, replacement Thermopane windows, gas heating, storage and mechanical areas. Originally constructed in 1950 and most recently altered in 2003, the property is described in the appraisal as being in good overall condition with no deferred maintenance observed at the time of inspection.
The configuration includes a larger residential portion comparable to a 4-bedroom, 2-bath dwelling plus four additional apartments. All five units are currently occupied, with rents significantly below the market-rent levels estimated in the appraisal, offering potential long-term upside for an investor.
Architectural plans have been prepared for conversion to five dwelling units, identifying one existing dwelling unit plus four additional units. Current occupancy is two-family; the five-unit configuration has not yet been completed. Buyer to independently verify DOB status, architectural plans, existing tenancies, square footage and all requirements necessary to complete the legalization process.
Appraisal and architectural plans are available upon request for additional information regarding the property, proposed five-unit configuration.
Location
State NY
County Kings (brooklyn)
Area Brighton Beach
Zoning R6
Rooms
Basement Finished
Interior
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Asphalt/Tar
Handicap Access No
Building
Story 3
Foundation Block, Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Ilite Realty Inc
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
EXPLORE NEW YORK REAL ESTATE