Price Reduced 9.52%
Price History
$2,100,000
4/23/2024
$2,075,000
6/19/2024
$2,000,000
8/30/2024
$1,900,000
10/16/2024
814 44 Street, Brooklyn, NY, 11220
9 Full baths
1931
LEGACY FAMILY OWNED BUILDING IN A COMMUNITY WITH A 1.5% LOW VACANCY RATE. NEVER WANT FOR GREAT TENANTS. Located between the vibrant communities of Sunset Park and Borough Park. This 9-unit rent stabilized building embodies a perfect synergy between skilled pre-war craftsmanship and modern updates. Marble staircase, wrought iron railing, original mosaic floors & reinforced steel beam construction are the period features that make this building special. Recent updates include new fire safety doors, new windows & a new roof. The building was meticulously maintained. First time on the market in four decades. This property is fully occupied with on time cash paying quality tenants. Multiple public transportation options. FIVE 2BRs and FOUR 1BRs, completed with a high ceiling basement covering the entire footprint, a roof overlooking NYC skyline & a back yard area. GROSS POTENTIAL RENT = $178,289 (updated 6/19). N.O I. = $101,262. CAP RATE = 5.7%. FULL REPORT & INTERIOR VIDEO AVAILABLE.
Status:
Active
Type:
Commercial
Units:
9
Heating:
Natural Gas, Radiant
Cooling:
None, Wall/Window Unit(s)
Basement:
Full, Walk-Out Access
Parking:
On Street
Est. Taxes:
$22,703
Assessment
$1,298,000
Construction
Brick
Utilities
Trash Collection Public
Lot Description:
Near School, Near Shops, Near Public Transit, Level
Elementary School:
Contact Agent
Middle School:
Contact Agent
High School:
Contact Agent
School District:
Brooklyn
Days on Market:
215
Appliances:
Gas Water Heater
MLS #:
H6295774
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Realty NYC Grp (718) 697-6800