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Sunset Park Solid Brick 5 Family at 229 65th Street

Sunset Park Solid Brick 5 Family at 229 65th Street
FOR SALE

$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.

Contact the Listing Team

Vito Angelo

Vito Angelo

Director of Commercial Real Estate

41 closed

Call
Billy Apter

Billy Apter

Salesperson

5 closed

Call

Send a Message

Vito Angelo

Vito Angelo

Director of Commercial Real Estate

41 closed

Call
Billy Apter

Billy Apter

Salesperson

5 closed

Call