974 54th Street

Borough Park

$1,680,000
Price
Beds
6
Baths
5,400 Sq. Ft.
$311 / Sq. Ft.
5,400
Sq. Ft.
$311
per Sq. Ft.

Description

Large 6-family brick building in the center of Sunset Park, close to 8th Ave Brooklyn Chinatown. lot: 25x100, building:25x72. 3 three bedrooms and 3 two bedrooms apartments. Current rental Income: $102,467/year. Total expense: $33,065/year. Net income:$69,402/year. This is a great opportunity to own a building in Sunset Park/Borough Park neighborhood. Good for investment.Large 6-family brick building in the center of Sunset Park, close to 8th Ave Brooklyn Chinatown. lot: 25x100, building:25x72. 3 three bedrooms and 3 two bedrooms apartments. Current rental Income: $102,467/year. Total expense: $33,065/year. Net income:$69,402/year. This is a great opportunity to own a building in Sunset Park/Borough Park neighborhood. Good for investment.
  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
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/18/2024 09:41 AM

Property Details for 974 54th Street

StatusActive
MLS ID487488
Days on Market31
Taxes$16,827 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1930
Lot Size2,521 SF / 25' x 100'
CountyKings County

Building

974 54th St

6 Units3 StoriesBuilt in 1930

Building Information for 974 54th Street

Stories3Residences6Year Built1930Building Size25' x 72'Building Sq. Ft5,400 SFLot Size2,521 SF / 25' x 100'Building Age-Building Type-

Property Information for 974 54th Street

Summary
Location and General Information
  • Block: 5673
  • Cross Street Name: 9th Ave
  • Cross Street Name: Fort Hamilton Pky
  • Roof: Flat
  • Residential Features: Other
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 16827.0
  • Gross Expense: 33065.0
  • Gross Income: $102,467.00
  • Cap Rate: .04%
Property
Lot Information
  • Yard: Back, Front
  • Lot Number: 37
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 25
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Gas
  • Utility Expense: 500.0
  • Fuel Expense: 4800.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full, Separate Entrance
  • Baths Three Quarter: 0.0
  • Foundation Details: Block
  • Flooring: Hardwood
  • Unit Count: 6
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: Other
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Type: Attached
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: 1450.0
  • Unit Floor: 1F
  • Unit Rooms Total: 3
  • 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: 3
  • Unit Category: Apt
  • Unit Current Rent: 1650.0
  • Unit Floor: 1R
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 3 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: 1550.0
  • Unit Floor: 2F
  • 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: 3
  • Unit Category: Apt
  • Unit Current Rent: 1139.13
  • Unit Floor: 2R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 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: 1099.83
  • Unit Floor: 3F
  • 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: 3
  • Unit Category: Apt
  • Unit Current Rent: 1650.0
  • Unit Floor: 3R
  • Unit Occupant: 0
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Agent
Agent Information
  • Net Operating Income: 69402.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 4638.0
  • Owner Occupied: No
  • Rent Income: 102467.0

Property History for 974 54th 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 974 54th Street

Taxable ValueLand$8,100Additions$429,300Total$437,400
Home Facts
Total Finished SqFt5,400 SqFtLot Size2,521 SqFtYear Built1930ZoningR6APN3056730037

Schools near 974 54th Street

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. 160 William T Sampson
PublicK to 5

Jhs 220 John J Pershing
Public6 to 8

Franklin Delano Roosevelt High School
Public9 to 12

I.S. 187 The Christa Mcauliffe School
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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974 54th Street is a townhouse for sale in Borough Park. This property was listed for sale on November 16, 2024 by E House Realty & Mgt. Inc., it's currently listed at $1,680,000. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include P.S. 160 William T Sampson, Jhs 220 John J Pershing and Franklin Delano Roosevelt High School. 974 54th Street is a 0-bed, 6-bath, 5,400 sqft townhouse built in 1930.

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 E House Realty & Mgt. Inc.

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