East Flatbush, NY

HOUSE

Address: ‎487 E 93rd Street

Zip Code: 11203

4 fam, 16 bed, 5 bath

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$1,350,000

MLS # 3568800

English

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MLS #‎ 3568800
Details4 fam, 16 bed, 5 bath, Lot Size: 0.07 acres, 4 Units in the building
Listing Age: 102 days
Construction Year1930
Taxes
(per year)
$10,881
Fuel TypeGas
Bus1 min to B35, B8
3 min to B17, B47, B7
5 min to B15
Subway9 min to 3
LIRR1.6 miles to "East New York"
2.2 miles to "Nostrand Avenue"

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房屋英文概況 English Description

Legal 4 family with legal 3 bedroom basement for additional income! Discover an incredible investment opportunity with this well-maintained five-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location. Property Features: Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants. Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential. Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation. Recent Upgrades: New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs. New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants. Prime Location: Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options. Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for families and tenants. Investment Highlights: Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income. Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand. PROPERTY DETAILS: TAXES $9457 ? Multi-Family Property ? Two-story walk-up ? 5 Units ? Lot Size: 30 ? 100ft ? Brand new boiler and plumbing throughout building CURRENT RENT ROLL: ? Apt 1F: $2,040 ? Apt 1R: $2,417 ? Apt 2F: $3,385 ? Apt 2R: $2,387 ? Basement: $2,696 ? Total Income: $12,985 ? Yearly Gross Income: $155,820 EXPENSES: ? Approximately $25,000 CAP RATE: ? $165,000 (total income) - $25,000 (expenses) = $140,000 Potential Net Income © 2023 OneKey™ MLS, LLC

公司的物业 Office Listings
Courtesy of Exit Realty First Choice

公司: ‍718-380-2500




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$1,350,000

HOUSE
MLS # 3568800
‎487 E 93rd Street
East Flatbush, NY 11203
4 fam, 16 bed, 5 bath


Listing Agent(s):‎
Are you the listing agent? Sign up to add your name and cell #‎

Office: ‍718-380-2500

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