325 37th Street
$1,280,000
14
7
3,650
3,650
$351
Description
A prime investment opportunity in the heart of Sunset Park, Brooklyn. This semi-detached, 6 family building offers substantial income potential with its impressive layout and strategic location. The building spans 22 x 55 feet on a 22 x 100 feet lot, providing a solid structure with spacious units. Additionally, there is a legal cellar studio basement apartment, which increases the potential of this excellent piece of investment. All apartments are currently rented at market rates, ensuring consistent...A prime investment opportunity in the heart of Sunset Park, Brooklyn. This semi-detached, 6 family building offers substantial income potential with its impressive layout and strategic location. The building spans 22 x 55 feet on a 22 x 100 feet lot, providing a solid structure with spacious units. Additionally, there is a legal cellar studio basement apartment, which increases the potential of this excellent piece of investment. All apartments are currently rented at market rates, ensuring consistent cash flow. The property boasts an annual gross rental income of $131,616, with manageable expenses of approximately $24,096. This results in a strong net rental income of $107,520 and a desirable cap rate of 8.4%. Located near a variety of other local shops, Costco, Industry City, and conveniently close to the 36th St N, D, and R train station, this property offers tenants easy access to transportation and amenities. Whether you're an experienced investor or looking to expand your portfolio, this is an exceptional opportunity to own a valuable asset in one of Brooklyn's most sought-after neighborhoods.
- Listed by Kelvin Ng Wu • Century 21 Realty First
- Listed by Karen Ng Mok • Century 21 Realty First
Amenities
- Walk Up
- Voice Intercom
- Basement
- Private Outdoor Space
- Parking Included
- Lowrise
- Storage Available
- House
LISTING UPDATED: 08/28/2024 05:17 PM
Property Details for 325 37th Street
Status | Active |
---|---|
MLS ID | 485243 |
Days on Market | 38 |
Taxes | $6,996 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 26.0 |
Compass Type | Townhouse |
MLS Type | Residential |
Year Built | 1931 |
Lot Size | 2,221 SF / 22' x 100' |
County | Kings County |
Building
Building Information for 325 37th Street
Stories3Residences5Year Built1931Building Size22' x 55'Building Sq. Ft3,630 SFLot Size2,221 SF / 22' x 100'Building Age-Building Type-
Property Information for 325 37th Street
Property History for 325 37th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 325 37th Street
Taxable ValueLand-Additions-Total-
Home Facts
APN3006960057
Schools near 325 37th Street
This home is within Nyc Geog District #15 - Brooklyn.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
P.S. 24 PublicPK to 5 | ||
Is 136 Charles O Dewey Public6 to 8 | ||
Sunset Park High School Public9 to 12 | ||
Sunset Park Prep 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.
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