487 East 93rd Street

Brownsville

$1,399,999
Price
16
Beds
5
Baths
3,000 Sq. Ft.
$467 / Sq. Ft.
3,000
Sq. Ft.
$467
per Sq. Ft.

Description

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,...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

Property Details for 487 East 93rd Street

Township
Brooklyn
Architectural Style
Other
Community Features
Park
Garage Spaces
.00
Section Area
Kings Highway
LISTING UPDATED: 08/31/2024 12:00 AM

Property Details for 487 East 93rd Street

StatusActive
MLS ID3568800
Days on Market53
Taxes$10,881 / year
Maintenance-
Min. Down Pymt-
Total Rooms25.0
Compass TypeTownhouse
MLS TypeMulti Family
Year Built1930
Lot Size3,000 SF / 30' x 100'
CountyKings County

Building

487 E 93rd St

4 Units2 StoriesBuilt in 1930

Building Information for 487 East 93rd Street

Stories2Residences4Year Built1930Building Size21.5' x 80'Building Sq. Ft3,440 SFLot Size3,000 SF / 30' x 100'Building Age-Building Type-

Property Information for 487 East 93rd Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 13
  • Directions: WAZE
  • Tax Block: 4690
  • Tax Lot: 22
  • Property Attached: Yes
  • Structure Type: true
  • Levels: Two
  • Property Condition: FAIR
  • New Construction YN: No
  • Flood Zone Report: 0
  • Square Footage Source: Other
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Brooklyn 17
  • Elementary School District: Brooklyn 17
  • Middle Or Junior School District: Brooklyn 17
  • Middle Or Junior School: Brooklyn Institute For Liberal Arts
  • High School District: Brooklyn 17
  • High School: Brooklyn Academy Of Sci & Environ
Rental
Rental
  • Lease Considered: No
Unit Information
Unit 1 Information
  • Unit Type Unit Number: Unit_1
  • Unit Type Floor Location: UNIT 1F
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 7
  • Unit Type Leased: 1
  • Unit Type Living Area: 800
  • Unit Type Appliances: Energy Star Appliance(s),Oven/Range,Refrigerator
  • Unit Type Description: 3 BED 1 FULL BATH LVRM
Unit 2 Information
  • Unit Type Unit Number: Unit_2
  • Unit Type Floor Location: 1R
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 5
  • Unit Type Leased: 1
  • Unit Type Living Area: 650
  • Unit Type Appliances: Oven/Range,Refrigerator
  • Unit Type Description: 2 bed 1 bath lvrm
Unit 3 Information
  • Unit Type Unit Number: Unit_3
  • Unit Type Floor Location: 2F
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 7
  • Unit Type Leased: 1
  • Unit Type Living Area: 800
  • Unit Type Appliances: Energy Star Appliance(s),Microwave,Oven/Range,Refrigerator
  • Unit Type Description: 30 BEDS 1 BTH , LVRM EIK
Unit 4 Information
  • Unit Type Unit Number: Unit_4
  • Unit Type Floor Location: 2R
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 5
  • Unit Type Leased: 1
  • Unit Type Living Area: 650
  • Unit Type Appliances: Microwave,Oven/Range,Refrigerator
  • Unit Type Description: 2 BED 1 BTH ,LVRM, EIK
Unit 5 Information
  • Unit Type Unit Number: Unit_5
  • Unit Type Floor Location: BASEMENT
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Baths Full: 1
  • Unit Type Rooms Total: 4
  • Unit Type Living Area: 650
  • Unit Type Appliances: Oven/Range,Refrigerator
  • Unit Type Description: 2 BED 1 FULL BATH , EIK ,LVRM
Unit Information
  • Building Units Total: 4
Room Information
Room 1 Information
  • Room Level: First
  • Room Type: Additional
  • RoomDescription 1: -
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 04690-0022
  • Tax Map Number: 04690-0022
  • Tenant Pays: Cooking Gas,Electricity,See Remarks
Income & Expenses Information
Income & Expenses Information
  • Maintenance Expense: $1,000.00
  • Trash Expense: $.00
Interior and Exterior Features
Interior Features
  • Amenities: Eat in Kitchen, Entrance Foyer, Fenced, Hardwood Floors As Seen, Other, Park, See Remarks
  • Interior Features: Eat-in Kitchen, Entrance Foyer
  • Number Of Kitchens: 5.0
  • Total Rooms: 25
  • Living Area: 3000.0
  • Living Area Units: Square Feet
  • Basement: See Remarks
  • Fireplaces Total: 0
  • Location Amenities: Other/See Remarks, Corner Apartment, Exposure West, Fenced, Fenced Yard, Hardwood Floors As Seen, Eat in Kitchen, Entry Foyer, Foyer
  • Common Walls: 1 Common Wall
  • Flooring: Hardwood
Exterior Features
  • Exterior Property Features: Private, Other, Fenced, Park, Near Public Transit
  • Elevation Certificate: No
  • Fencing: Fenced
  • Construction Materials: Other,Brick
  • Direction Faces: West
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Dimensions: 30x100
  • Site Features: Park, Near Public Transit
  • Building Size: 3400
  • Building Area Units: Square Feet
Parking
  • Parking Features: Private, Other
  • Parking Total: 2.00
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Natural Gas, Baseboard, Steam
  • Heat Fuel Type: Natural Gas, Baseboard, Steam
  • Number Of Heating Zones: 3
  • Hot Water: Gas Stand Alone
  • Number Of Separate Gas Meters: 4
  • Sewer: Other
  • Water Source: See Remarks
  • Number Of Separate Electric Meters: 5
Green Features
  • Green Features: Natural Gas, Baseboard, Steam

Property History for 487 East 93rd 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 487 East 93rd Street

Taxable ValueLand$14,850Additions$173,700Total$188,550
Home Facts
Total Finished SqFt3,440 SqFtLot Size3,000 SqFtYear Built1930ZoningR6APN3046900022

Schools near 487 East 93rd Street

This home is within Nyc Geog District #18 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 219 Kennedy King
PublicPK to 5

Middle School For Art And Philosphy
Public6 to 8

East Brooklyn Community High School
Public9 to 12

It Takes A Village Academy
Public9 to 12

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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487 East 93rd Street is a townhouse for sale in Brownsville. This property was listed for sale on July 29, 2024 by Exit Realty First Choice, it's currently listed at $1,399,999. It has been on the market for a total of 53 days and was last sold on March 20, 2024. This listing's school district is Nyc Geog District #18 - Brooklyn. Nearby schools include P.S. 219 Kennedy King, Middle School For Art And Philosphy and East Brooklyn Community High School. 487 East 93rd Street is a 16-bed, 5-bath, 3,000 sqft townhouse built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Realty First Choice

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