487 East 93rd Street

Brownsville

$1,350,000
Price
16
Beds
5
Baths
3,000 Sq. Ft.
$450 / Sq. Ft.
3,000
Sq. Ft.
$450
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: 11/02/2024 11:59 PM

Property Details for 487 East 93rd Street

StatusActive
MLS ID3568800
Days on Market114
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.

Neighborhood Map and Transit

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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 $1,350,000. It has been on the market for a total of 114 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.

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Listing Courtesy of Exit Realty First Choice

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