Description
Presenting an exceptional investment opportunity in the heart of Park Slope - a 12-family, 4-story brick building available for sale. This property is not only a lucrative investment but also an ideal choice for buyers considering a 1031 exchange. Situated on a spacious lot measuring 24.83x100.17 sqft, the building itself boasts a generous size of 24.83x88.83 sqft. Zoned as R6B, the property comprises 8 two-bedroom units and 4 one-bedroom units, generating an impressive annual rental income of $260,000. Conveniently located within a 6-minute walk to the D/M/N/R subway lines, this property offers easy access to public transportation. With five parks within a 3-mile radius and numerous shops and restaurants nearby, residents enjoy a vibrant and pleasant neighborhood. The area's favorable environment coupled with high rental income potential make for an excellent investment with a promising return on investment. Don't miss this opportunity to add a prime piece of real estate to your portfolio.
-
20BEDS
-
0.06ACRES
-
12BATHS
-
01/2 BATHS
School Information
Description
Presenting an exceptional investment opportunity in the heart of Park Slope - a 12-family, 4-story brick building available for sale. This property is not only a lucrative investment but also an ideal choice for buyers considering a 1031 exchange. Situated on a spacious lot measuring 24.83x100.17 sqft, the building itself boasts a generous size of 24.83x88.83 sqft. Zoned as R6B, the property comprises 8 two-bedroom units and 4 one-bedroom units, generating an impressive annual rental income of $260,000. Conveniently located within a 6-minute walk to the D/M/N/R subway lines, this property offers easy access to public transportation. With five parks within a 3-mile radius and numerous shops and restaurants nearby, residents enjoy a vibrant and pleasant neighborhood. The area's favorable environment coupled with high rental income potential make for an excellent investment with a promising return on investment. Don't miss this opportunity to add a prime piece of real estate to your portfolio.
© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McAteer & Will Estates | Keller Williams Real Estate. Data last updated: 2023-12-01T14:19:54.66.