5706 7th Avenue

Sunset Park

$4,880,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Location, Location, Location. 7-family plus one store mixed-use building in the heat of Sunset Park. Lot size: 25x100, Building size: 25x75. Zoning: R7A, C2-4. Finished basement. Each apartment features three bedrooms and one living room, with separate gas and electric meters. Current rental income: $229,000/year. Expenses: $40,475/year. Net income: $190,000/year. Great investment potential.Location, Location, Location. 7-family plus one store mixed-use building in the heat of Sunset Park. Lot size: 25x100, Building size: 25x75. Zoning: R7A, C2-4. Finished basement. Each apartment features three bedrooms and one living room, with separate gas and electric meters. Current rental income: $229,000/year. Expenses: $40,475/year. Net income: $190,000/year. Great investment potential.
  1. Listed by David Feng • E House Realty & Mgt. Inc.
  2. Listed by Selyna D. Eng • E House Realty & Mgt. Inc.

Amenities

  • Walk Up
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/06/2024 05:14 PM

Property Details for 5706 7th Avenue

StatusActive
MLS ID484448
Days on Market133
Taxes$24,295 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1925
Lot Size2,500 SF / 25' x 100'
CountyKings County

Building

5706 7th Ave

7 Units4 StoriesBuilt in 1925

Building Information for 5706 7th Avenue

Stories4Residences7Year Built1925Lot Size2,500 SF / 25' x 100'Building Age-Building Type-

Property Information for 5706 7th Avenue

Summary
Location and General Information
  • Number Of Stories: 1
  • Cross Street Name: 57th st
  • Cross Street Name: 58th st
  • Zoning: R7a
  • Roof: Flat
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 24295.0
  • Gross Expense: 40475.0
  • Gross Income: $229,900.00
  • Cap Rate: .04%
Property
Lot Information
  • Yard: Back
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 25
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 480.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished
  • Commercial Features Interior: Other
  • Foundation Details: Block
  • Flooring: Tile
  • Unit Count: 0
  • Lavatories: Other
  • Construction Materials: Brick
  • Electric: Other
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1875.0
  • Building Length: 75.0
  • Building Type: Attached
  • Building Width: 25.0
Agent
Agent Information
  • Net Operating Income: 189425.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 8000.0
  • Owner Occupied: No
  • Rent Income: 229900.0

Property History for 5706 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5706 7th Avenue

Taxable ValueLand$8,100Additions$629,100Total$637,200
Home Facts
Total Finished SqFt6,700 SqFtLot Size2,500 SqFtYear Built1925ZoningR7AAPN3008490038

Schools near 5706 7th Avenue

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 69 Vincent D Grippo School
PublicK to 5

Jhs 220 John J Pershing
Public6 to 8

Fort Hamilton High School
Public9 to 12

MS 936 ARTS OFF 3RD
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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Similar Sold Homes

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5706 7th Avenue is a mixed use property for sale in Sunset Park. This property was listed for sale on July 9, 2024 by E House Realty & Mgt. Inc., it's currently listed at $4,880,000. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include P.S. 69 Vincent D Grippo School, Jhs 220 John J Pershing and Fort Hamilton High School. 5706 7th Avenue is a 0-bed, 0-bath, mixed use property built in 1925.

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Listing Courtesy of E House Realty & Mgt. Inc.

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