Property Description

Rare-Find Excellent Investment Opportunity for this 16-Family with 10 Vacant Apartments is located in the center of Prime Sunset Park Neighborhood. Potentially about $300,000 annual gross income and about $200,000 in net operating income with 6.5% CAP rate. Building size 40×86′ with approx. 11,360 square feet living space is sitting on 40×100.17 lot. Numerous improvements and upgrades have been done for the past couple months. The 16 apartments are consisting of 3 two-bedroom and 13 oversized one-bedroom apartments that can be easily converted into 2 bedrooms OVER full basement with separate entrance. Won’t Last!

Features
: Flat
Address Map
11220
58th
717
Street
0
W75° 59' 23.8''
N40° 38' 15.9''
MLS Addon
: Multi-family
16
1
: Refrigerator, Stove
: Hardwood, Tile
118210
RE/MAX Edge
Jason Zhou
jz1320
$0
$0
: Full, Semi-finished, Separate Entrance
: Brick
: Active
$53,615

Residential For Sale

717 58th Street, Brooklyn, New York 11220

19 Bedrooms
17 Bathrooms
11,360 Sqft
$2,988,000
Listing ID #487772
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 487772
Price : $2,988,000
Bedrooms : 19
Bathrooms : 17
Square Footage : 11,360 Sqft
Year Built : 1928
Lot Area : 4,007 Sqft
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