2877 West 20th Street

Coney Island

$1,350,000
Price
2
Beds
8
Baths
2,200 Sq. Ft.
$614 / Sq. Ft.
2,200
Sq. Ft.
$614
per Sq. Ft.

Description

Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways...Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise
  • No Pets
LISTING UPDATED: 07/11/2024 05:10 PM

Property Details for 2877 West 20th Street

StatusActive
MLS ID482462
Days on Market175
Taxes$9,314 / year
Maintenance-
Min. Down Pymt-
Total Rooms18.0
Compass TypeMulti Family
MLS TypeResidential
Year Built1901
Lot Size2,352 SF / 20' x 118'
CountyKings County

Building

2877 W 20th St

8 Units2 StoriesBuilt in 1901

Building Information for 2877 West 20th Street

Stories2Residences8Year Built1901Building Size20' x 55'Building Sq. Ft2,200 SFLot Size2,352 SF / 20' x 118'Building AgePre-warBuilding TypeHouse

Property Information for 2877 West 20th Street

Summary
Location and General Information
  • Block: 7019
  • Cross Street Name: Neptune Ave
  • Cross Street Name: Mermaid Avenue
  • Zoning: R5
  • Roof: Rubber
  • Water Front Present YN: No
  • Residential Features: Stove, Other
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Assumption, Bank Mortgage, Cash
  • Tax Amount: 9314.28
  • Gross Expense: 28568.0
  • Gross Income: $137,532.00
  • Cap Rate: .08%
Property
Lot Information
  • Sq Ft Total: 2200
  • Yard: Back, Front, Fenced - Full
  • Lot Number: 55
  • Lot Size Irregular YN: No
  • Lot Size Length: 118
  • Lot Size Width: 20
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Walk-in
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 2
  • Baths Total Level: 3
  • Total Rooms: 18
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Linoleum
  • Unit Count: 8
  • Building Amenities: Storage rooms
  • Style: Other
  • Construction Materials: Brick
  • Electric: Circuit Breakers
  • Baths Total Level: 3
  • Beds Total Level: 0
  • Beds Total Level: 1
  • Beds Total Level: 1
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1100.0
  • Building Length: 55.0
  • Building Type: Detached
  • Building Width: 20.0
  • Rooms Total Level 1: 6
  • Rooms Total Level 2: 10
  • Rooms Total Level: 9
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1099.94
  • Unit Features: Heat Included, Oven/Range, RE Taxes, Refrigerator, Water Included
  • Unit Floor: 1/1
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1368.06
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 1/2
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1559.0
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 2
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1673.71
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 2/4
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1550.0
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 2/5
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1583.62
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 3/6
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 923.95
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 3/7
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1705.03
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 3/8
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Agent
Agent Information
  • Net Operating Income: 108964.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 10000.0
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: No

Property History for 2877 West 20th Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2877 West 20th Street

Taxable ValueLand$5,850Additions$203,400Total$209,250
Home Facts
Total Finished SqFt2,200 SqFtLot Size2,352 SqFtYear Built1901ZoningR5APN3070190055

Schools near 2877 West 20th Street

This home is within Nyc Geog District #21 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 288 The Shirley Tanyhill
PublicPK to 8

Liberation Diploma Plus
Public9 to 12

Is 228 David A Boody
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2877 West 20th Street is a multi-family home for sale in Coney Island. This property was listed for sale on May 29, 2024 by BRP Associates Inc, it's currently listed at $1,350,000. It has been on the market for a total of 175 days and was last sold on April 4, 2022. This listing's school district is Nyc Geog District #21 - Brooklyn. Nearby schools include P.S. 288 The Shirley Tanyhill, Liberation Diploma Plus and Is 228 David A Boody. 2877 West 20th Street is a 2-bed, 8-bath, 2,200 sqft multi-family home built in 1901.

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Listing Courtesy of BRP Associates Inc

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