902 42nd Street

Borough Park

$3,295,000
Price
32
Beds
16
Baths
14,400 Sq. Ft.
$229 / Sq. Ft.
14,400
Sq. Ft.
$229
per Sq. Ft.

Description

Don't miss this rare chance to own a 16-family brick building in Sunset Park, a prime location in Brooklyn. This corner property is rent stabilized and has a zoning of R6, offering great potential for development. The building size is 40x90 and the lot size is 40x100. All units have two bedrooms and are fully occupied, generating a gross income of 307,353 and a net income of 208,718. This is a solid investment opportunity with a 6% cap rate. Close to transportation, shopping, and schools.Don't miss this rare chance to own a 16-family brick building in Sunset Park, a prime location in Brooklyn. This corner property is rent stabilized and has a zoning of R6, offering great potential for development. The building size is 40x90 and the lot size is 40x100. All units have two bedrooms and are fully occupied, generating a gross income of 307,353 and a net income of 208,718. This is a solid investment opportunity with a 6% cap rate. Close to transportation, shopping, and schools.
  1. Listed by Billy E. Apter • RE/MAX Real Estate Professiona • Other
  2. Listed by Vito Angelo • RE/MAX Real Estate Professiona

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/15/2024 03:17 PM

Property Details for 902 42nd Street

StatusActive
MLS ID479190
Days on Market342
Taxes$62,674 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1928
Lot Size4,017 SF / 40' x 100'
CountyKings County

Building

902 42nd St

16 Units4 StoriesBuilt in 1928

Building Information for 902 42nd Street

Stories4Residences16Year Built1928Building Size40' x 90'Building Sq. Ft14,400 SFLot Size4,017 SF / 40' x 100'Building Age-Building Type-

Property Information for 902 42nd Street

Summary
Location and General Information
  • Block: 5595
  • Cross Street Name: 9th Ave
  • Cross Street Name: 10th Ave
  • Zoning: R6
  • Roof: Flat
  • Residential Features: Refrigerator, Stove
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 62674.0
  • Gross Expense: 98635.0
  • Gross Income: $307,353.00
  • Cap Rate: .06%
Property
Lot Information
  • Sq Ft Total: 14400
  • Yard: Back
  • Lot Number: 9
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 40
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
  • Utility Expense: 1200.0
  • Fuel Expense: 7064.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 4
  • Baths Total Level: 4
  • Total Rooms: 128
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood
  • Unit Count: 16
  • Building Amenities: NONE
  • Style: Other
  • Construction Materials: Brick
  • Electric: 110 V
  • Baths Total Level: 4
  • Baths Total Level: 4
  • Beds Total Level: 8
  • Beds Total Level: 8
  • Beds Total Level: 8
  • Beds Total Level: 8
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 3600.0
  • Building Length: 90.0
  • Building Type: Semi-Detached
  • Building Width: 40.0
  • Rooms Total Level 1: 32
  • Rooms Total Level 2: 32
  • Rooms Total Level: 32
  • Rooms Total Level: 32
Unit 1
  • 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: 1841.03
  • Unit Floor: 1
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 2 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: 1829.43
  • Unit Floor: 2
  • 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: 1735.78
  • Unit Floor: 3
  • 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: 1950.0
  • Unit Floor: 4
  • 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: 1875.94
  • Unit Floor: 5
  • 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: 2
  • Unit Category: Apt
  • Unit Current Rent: 1890.0
  • Unit Floor: 6
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 7
  • 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: 1826.21
  • Unit Floor: 7
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 8
  • 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: 1982.54
  • Unit Floor: 8
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 9
  • 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: 921.54
  • Unit Floor: 9
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 10
  • 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: 1694.04
  • Unit Floor: 10
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 11
  • 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: 1840.71
  • Unit Floor: 11
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 12
  • 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: 909.05
  • Unit Floor: 12
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 13
  • 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: 1246.99
  • Unit Floor: 13
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 14
  • 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: 1493.11
  • Unit Floor: 14
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 15
  • 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: 919.69
  • Unit Floor: 15
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 208718.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 11697.0
  • Owner Occupied: No

Property History for 902 42nd 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 902 42nd Street

Taxable ValueLand$54,000Additions$485,100Total$539,100
Home Facts
Total Finished SqFt14,400 SqFtLot Size4,017 SqFtYear Built1928ZoningR6APN3055950009

Schools near 902 42nd Street

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 10 to 12
Public - PK to 4
Rating
School
Distance
P.S. 131
PublicPK to 5

Jhs 223 The Montauk
Public6 to 8

West Brooklyn Community High School
Public10 to 12

School Of Creativity-Innovation
PublicPK to 4

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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902 42nd Street is a townhouse for sale in Borough Park. This property was listed for sale on January 12, 2024 by RE/MAX Real Estate Professiona, it's currently listed at $3,295,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 131, Jhs 223 The Montauk and West Brooklyn Community High School. 902 42nd Street is a 32-bed, 16-bath, 14,400 sqft townhouse built in 1928.

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