902 42nd Street

902 42nd St
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 Market310
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
P.S. 131
Public - PK to 5
Jhs 223 The Montauk
Public - 6 to 8
West Brooklyn Community High School
Public - 10 to 12
School Of Creativity-Innovation
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.

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More information about 902 42nd Street, Borough Park

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.

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 Real Estate Professiona

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.