487 E 93rd Street
Brooklyn, NY 11203
- 16 beds
- 5 baths
- 3,000 sqft
- 3,000 sqft lot
- $450 per sqft
- 1930 build
- – on site
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, Additional information: Appearance:FAIR
Last checked:
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Last updated Dec 14, 2024
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MLS# L3568800 —
The Building
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Year Built:1930
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Basement:false
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Architectural Style:Other
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Construction Materials:Other, Brick
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Number Of Units Total:4
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Building Area Total:3400
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Attic:See Remarks
Interior
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Levels:Two
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Living Area:3000
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Rooms Total:25
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Interior Features:Eat-in Kitchen, Entrance Foyer
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Flooring:Hardwood
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Living Area Source:Other
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Common Walls:1 Common Wall
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Room Description:-
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Number Of Kitchens:5
Financial & Terms
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Lease Considered:false
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Tenant Pays:Electricity, Gas, See Remarks
The Property
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Fencing:Fenced
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Lot Features:Near Public Transit, Near School, Near Shops
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Parcel Number:04690-0022
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Property Type:Residential Income
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Property Sub Type:Quadruplex
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Lot Size Square Feet:3,000 Sqft
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Property Attached:true
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Additional Parcel:No
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Lot Size Dimensions:30x100
Listing Agent
- Contact info:
- Agent phone:
- (718) 380-2500
- Office phone:
- (718) 380-2500
Taxes
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Tax Annual Amount:10881
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Tax Lot:22
Beds
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Bedrooms Total:16
Baths
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Bathrooms Full:5
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Bathrooms Total:5
Heating & Cooling
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Heating:Natural Gas, Baseboard, Steam
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Cooling:None
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Number Of Heat Units:4
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Number Of Heating Zones:3
Utilities
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Sewer:Other
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Water Sewer Expense:2000
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Number Of Separate Gas Meters:4
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Number Of Separate Electric Meters:5
Schools
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High School:Brooklyn Academy Of Sci & Environ
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High School District:Brooklyn 17
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Middle School:Brooklyn Institute For Liberal Arts
The Community
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Association:false
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Seasonal:No
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Senior Community:false
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Additional Fees:No
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Pool Private:false
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Spa:false
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Maintenance Expense:1000
Parking
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Parking Features:Private, Other
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Parking Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/19/24
Nov 19, 2024
|
Listed / Active | ONEKEY | $1,350,000 |
