Prime 4-Family Investment Opportunity in Sheepshead Bay, Brooklyn
This exceptional property presents a rare opportunity for both investors and end-users alike! Situated in the highly desirable Sheepshead Bay neighborhood of Brooklyn, this 4-family semi-detached brick building, offering approximately 2492 SF of living space with a detached garage offers strong income potential and long-term value.
The property is fully occupied and features:
• A spacious 2-bedroom apartment on the first floor
• A large 3-bedroom apartment spanning the 2nd to 4th floors
Each unit is separately metered with 4 gas meters and 5 electric meters, along with separate hot water coin systems. Tenants are responsible for their own hot water expenses, helping to minimize owner operating costs.
Financial Highlights:
• Annual Gross Income: $121,200
• Total Annual Expenses: $26077
• CAP Rate: Over 5%
Location Highlights:
Conveniently located between Avenue U & Avenue T, the property is close to:
• Shopping and dining options
• Kings Plaza Mall
• Supermarkets, pharmacies, and schools
Transportation:
Easy access to the B & Q subway lines, multiple bus routes, and the Belt Parkway, providing convenient connectivity throughout Brooklyn and beyond. Delivered vacant!!