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814 44 Street
Sunset Park, NY 11220
Residential Multi Family (N/A)
0.06 Acres
8100 Sqft Living Area
14 Bedrooms
9 Bathrooms (9 Full, 0 Half)
Year Built: 1931
$2,075,000
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Property Description
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.
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Contact Details
Name: Gregory Tsougranis
Email: teamtsougranis@gmail.com
MLS Listing Id: H6295774
Agent Phone: (845) 304-5745
List Agent License:
Office Name: Keller Williams Realty NYC Grp
Office Phone: (718) 697-6800
Office MLS Id: KWRNYC
Listing Status: Active
Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
