58 St Nicholas Avenue, Unit 6

$399,000
Price
8
Beds
6
Baths
4,800 Sq. Ft.
$83 / Sq. Ft.
4,800
Sq. Ft.
$83
per Sq. Ft.

Description

Deal of the century, cash deal or hard money only! Solid six (6)-family rent stabilized building in prime Bushwick area, a lot of potential, building 20x80, lot 20x90, totaling 4,800 sqft interior space. It consists of four 1 bedroom apartments and two 2 bedroom apartments. 7 electric meters and 7 gas meters, new boiler and hot water tank. Annual gross income is approximately $53,000, expense $27,000, and net income $26,000. Sold as is with all paying tenants, fully occupied. Annual property tax...Deal of the century, cash deal or hard money only! Solid six (6)-family rent stabilized building in prime Bushwick area, a lot of potential, building 20x80, lot 20x90, totaling 4,800 sqft interior space. It consists of four 1 bedroom apartments and two 2 bedroom apartments. 7 electric meters and 7 gas meters, new boiler and hot water tank. Annual gross income is approximately $53,000, expense $27,000, and net income $26,000. Sold as is with all paying tenants, fully occupied. Annual property tax is $14,810. Priced to sell. Excellent location, close to all! Buyers are responsible for all violations and are advised to do their own due diligence. Sold as is. Proof of fund required prior to any showing. Any reasonable offer will be considered! All showings and open houses by appointment only
  1. Listed by Dazhi (Simon) Su • RE/MAX Edge

Amenities

  • Walk Up
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/07/2024 03:04 PM

Property Details for 58 St Nicholas Avenue, Unit 6

StatusActive
MLS ID486401
Days on Market83
Taxes$14,810 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeResidential
Year Built1931
Lot Size1,800 SF / 20' x 90'
CountyKings County

Building

58 St Nicholas Ave

6 Units3 StoriesBuilt in 1931

Building Information for 58 St Nicholas Avenue, Unit 6

Stories3Residences6Year Built1931Building Size20' x 80'Building Sq. Ft4,800 SFLot Size1,800 SF / 20' x 90'Building Age-Building Type-

Property Information for 58 St Nicholas Avenue, Unit 6

Summary
Location and General Information
  • Block: 3200
  • Cross Street Name: Willoughby Ave
  • Roof: Other
  • Residential Features: Other
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 14810.0
  • Gross Expense: 26670.0
  • Gross Income: $52,500.00
  • Cap Rate: .06%
Property
Lot Information
  • Sq Ft Total: 4800
  • Yard: Other
  • Lot Number: 32
  • Lot Size Irregular YN: No
  • Lot Size Length: 90
  • Lot Size Width: 20
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Other
  • AC Units: 1
  • Hot Water: Other
  • Utility Expense: 360.0
  • Fuel Expense: 3000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Baths Three Quarter: 0.0
  • Foundation Details: Other
  • Flooring: Other
  • Unit Count: 0
  • Building Amenities: NONE
  • Unit Number: 6
  • Construction Materials: Other
  • Electric: Other
Exterior Features
  • Exterior: Other
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1600.0
  • Building Length: 80.0
  • Building Type: Attached
  • Building Width: 20.0
Agent
Agent Information
  • Net Operating Income: 25830.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 5000.0
  • Owner Occupied: No

Property History for 58 St Nicholas Avenue, Unit 6

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 58 St Nicholas Avenue, Unit 6

This home is within Nyc Geog District #32 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 123 Suydam
PublicPK to 5

Jhs 162 The Willoughby
Public6 to 8

All City Leadership Secondary School
Public6 to 12

Is 347 School Of Humanities
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.

Neighborhood Map and Transit

Similar Homes

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58 St Nicholas Avenue, Unit 6 is a multi-family home for sale in Bushwick. This property was listed for sale on September 30, 2024 by RE/MAX Edge, it's currently listed at $399,000. This listing's school district is Nyc Geog District #32 - Brooklyn. Nearby schools include P.S. 123 Suydam, Jhs 162 The Willoughby and All City Leadership Secondary School. 58 St Nicholas Avenue, Unit 6 is a 8-bed, 6-bath, 4,800 sqft multi-family home built in 1931.

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 RE/MAX Edge

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