Sunset Park Solid Brick 5 Family at 229 65th Street
$1,588,000
229 65th Street, Brooklyn, NY 11220
3,600 SF
Square Feet
$441
PPSF
5
Units
300.0K
PPU
Property Description
Units
5 — PPU: 300.0K
SUNSET PARK SOLID BRICK SEMI-DETACHED 5 FAMILY + STORE/OFFICE MIXED USE BUILDING(FREE MARKET RENTS) + SHARED DRIVEWAY + 2 PRIVATE GARAGES FOR CONVENIENT PARKING OR EXTRA RENTAL INCOME- IDEALLY SITUATED IN A MOST DESIRABLE LOCATION ON THE SUNSET PARK/BAY RIDGE BORDER... A TRULY INCREDIBLE INVESTMENT OPPORTUNITY WITH ULTRA-HIGH RENTAL INCOME, AND MORE POTENTIAL UPSIDE... THIS PRIME PROPERTY IS CURRENTLY SETUP AS: TWO (3) BEDROOM APARTMENTS + THREE (2) BEDROOM APARTMENTS + STOREFRONT/OFFICE SPACE + FULL BASEMENT WITH SEPARATE ENTRANCE + 2 PARKING GARAGES, ON A 25x100 LOT SIZE... DON'T MISS OUT ON THIS OUTSTANDING OPPORTUNITY TO OWN A PRIZED PIECE OF REAL ESTATE IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER NEIGHBORHOODS...
Property Details
Asset Type
Mixed-use
Year Built
1911
Zoning
M1-1
Lot Size
2,500 SF
Neighborhood
Sunset Park
Submarket
Brooklyn
ZIP
11220
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$90,335
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$7,528
Annual Debt Service
$90,335
View on Map
Address
229 65th Street
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.