576 39th St - Apartments FOR SALE


Brooklyn, NY 11232- Sunset Park
$2,500,000 USD
212-381-6057
576 39th St, Brooklyn, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/6
null | 7.16% Cap Rate

576 39th St
Brooklyn, NY 11232
Sunset Park


HIGHLIGHTS

  • Well Maintained building
  • Complies with Local Law 1, 11, 31, 152

OVERVIEW

Matheos Realty Group has been exclusively retained to represent ownership in the sale of a well-maintained, income-producing four story multifamily building located in the heart of Sunset Park, Brooklyn. The property consists of 20 residential units all of which are rent-stabilized, spanning approximately 13,808 square feet. Meticulously managed, each building features on-site laundry facilities and offers a quality living environment, contributing to strong tenant retention and long-term stability. With a total gross annual income of $346,508 and a net operating income of $178,879. Approx.. 20% of the units have been renovated and have a preferential rent allowing for future upside upon turnover of the units.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

20

PRICE/UNIT

$125,000

CAP RATE

7.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,008 SF

ZONING

M1-2

APN/PARCEL ID

00913-0032

ASK ABOUT THIS PROPERTY

Peter MatheosMatheos RealtyMore Info
212-381-6057

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Peter MatheosMatheos RealtyMore Info
212-381-6057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.