325 37th Street

Greenwood Heights

$1,280,000
Price
14
Beds
7
Baths
3,650 Sq. Ft.
$351 / Sq. Ft.
3,650
Sq. Ft.
$351
per Sq. Ft.

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.
  1. Listed by Kelvin Ng Wu • Century 21 Realty First
  2. 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

StatusActive
MLS ID485243
Days on Market38
Taxes$6,996 / year
Maintenance-
Min. Down Pymt-
Total Rooms26.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1931
Lot Size2,221 SF / 22' x 100'
CountyKings County

Building

325 37th St

5 Units3 StoriesBuilt in 1931

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

Summary
Location and General Information
  • Block: 696
  • Cross Street Name: 3rd Ave
  • Cross Street Name: 4th Ave
  • Zoning: M1-2D
  • Roof: Rubber, Other
  • Residential Features: Refrigerator, Stove, Other
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 6996.0
  • Gross Expense: 24096.0
  • Gross Income: $131,616.00
  • Cap Rate: .08%
Property
Lot Information
  • Sq Ft Total: 3650
  • Yard: Back, Front
  • Lot Number: 57
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 22
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas, Other
  • AC Units: 5+
  • Hot Water: Gas
  • Utility Expense: 1100.0
  • Fuel Expense: 2000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Baths Three Quarter: 0.0
  • Total Rooms: 27
  • Foundation Details: Slab Concrete, Stone, Other
  • Flooring: Hardwood, Tile
  • Unit Count: 7
  • Building Amenities: Storage rooms
  • Construction Materials: Masonry, Other
  • Electric: 200 Amp
Exterior Features
  • Exterior: Other
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1210.0
  • Building Length: 55.0
  • Building Type: Semi-Detached
  • Building Width: 22.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 1725.0
  • Unit Floor: 1F
  • Unit Rooms Total: 5
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1190.0
  • Unit Floor: 1R
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1575.0
  • Unit Floor: 2F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1837.5
  • Unit Floor: 2R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 1590.0
  • Unit Floor: 3F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 1950.0
  • Unit Floor: 3R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 7
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1100.0
  • Unit Floor: Basement
  • Unit Rooms Total: true
  • Unit Unit Type: Studio
Agent
Agent Information
  • Net Operating Income: 107520.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 7000.0
  • Owner Occupied: No

Property History for 325 37th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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325 37th Street is a townhouse for sale in Greenwood Heights. This property was listed for sale on August 13, 2024 by Century 21 Realty First, it's currently listed at $1,280,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 24, Is 136 Charles O Dewey and Sunset Park High School. 325 37th Street is a 14-bed, 7-bath, 3,650 sqft townhouse built in 1931.

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Listing Courtesy of Century 21 Realty First

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.