718-249-6514

238 55 Street
Brooklyn, NY 11220

Multi-Unit
  • 14,022sq ft
$13,800,000
Est. P&I payment: $52706.65/mo
238 55 Street, Brooklyn, NY 11220
  • 238 55 Street, Brooklyn, NY 11220 Photo 1
  • 238 55 Street, Brooklyn, NY 11220 Photo 2
  • 238 55 Street, Brooklyn, NY 11220 Photo 3
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Description for 238 55 Street, Brooklyn, NY 11220
Five Stories mixed-use elevator building located in prim Sunset Park, Brooklyn. The building consists 32 residential units, all are 2 bedrooms apartment. Six community offices and 18 parking spaces. The total building size is 45,000 sqf and zoning is R6B. This is truly a turn-key trophy investment. Great opportunity for 1031 exchange. The seller can assign $6,750,000 mortgage to the new owner with low interest rate as 3.25%. FINANCIAL SUMMARY: Gross total income $866,520 (rental income-$674,988, commercial income-$125,472, parking spaces income-$44,460, laundry-$21,600). Total Expenses $250,360 (taxes-$183,630, water/sewer-$38,000, fuel/gas-$600, insurance-$10,000, payroll-super-$8,400). Net income (NOI) $615,890.
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My Notes for MLS #408558

General Features

  • Lot Number: 20
  • Number Of Available Units: 32
  • Number Of Families: 32
  • Owner Occupied: No
  • Property Sub Type: Multi-Family
  • Property Type: Residential
  • Status: Active
  • Unit Count: 1
  • Year Built: 1998
  • Zoning: R6B

Utility Features

  • Electric: 110 V
  • Hot Water: Gas

Financial Features

  • Assessment Fee End Date: 0000-00-00 00:00:00
  • Financing: Bank Mortgage,​Cash,​Conventional
  • Heat Delivery: Hot Air
  • Heating Fuel: Gas
  • Tax Abatement End Date: 0000-00-00 00:00:00
  • Tax Amount: 183,630
  • Tenant Lease End Date: 0000-00-00 00:00:00
  • Transaction Type: Sale

Interior Features

  • Basement Amenities: None
  • Baths Full: 32
  • Baths Total: 32
  • Beds Total: 64
  • Flooring: Hardwood
  • Residential Features: Stove
  • Sq Ft Total: 14,022
  • Stories: 5

Miscellaneous Features

  • Block: 829
  • Date Available: 0000-00-00 00:00:00
  • Handicap Access YNU: No
  • Sale Type: Arm's Length

Community Features

  • Borough: Brooklyn
  • City: Brooklyn
  • County Or Parish: Kings (Brooklyn)
  • Cross Street Name: 2nd Ave
  • Cross Street Name 2: 3rd Ave
  • MLS Area Major: Sunset Park

Exterior Features

  • Building Amenities: NONE
  • Building Footprint Sq Ft: 9,000
  • Building Length: 90
  • Building Type: Detached
  • Building Width: 100
  • Construction Materials: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Lot Sq Ft: 2,504
  • Roof: Flat
  • Yard: None

Location

 
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The listing information for 238 55 Street, Brooklyn, NY 11220 was graciously provided by our friends at the listing brokerage, Exit Realty Professionals

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P&I Payment $52706.65
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Green Light's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Green Light, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 08/17/2017 at 5:09am
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