238 55 Brooklyn, NY 11220

$13,800,000
238 55, Brooklyn, NY 11220
Call 1-800-839-1363
408558

Multi-Family Home for sale in Brooklyn, NY

for $13,800,000 with 64 bedrooms and 32 full baths. This 14,022 square foot home was built in 1998.

Property Information

  • $13,800,000
  • 64 Bedrooms
  • 32 Full Baths
  • Multi-Family
  • 14,022 Square Feet
  • Taxes are $183,630
  • Multi Family
  • Active
  • 5 Floors
  • Built in 1998
  • Brooklyn, NY
  • Sunset Park Neighborhood
  • Kings County
  • MLS/Web ID is 408558

Description

Five Stories mixed-use elevator building located in prim Sunset Park, Brooklyn. The building consists 32 residential units, all are 2 bedrooms apartment. Six community offices and 18 parking spaces. The total building size is 45, 000 sqf and zoning is R6B. This is truly a turn-key trophy investment. Great opportunity for 1031 exchange. The seller can assign $6, 750, 000 mortgage to the new owner with low interest rate as 3.25%. FINANCIAL SUMMARY: Gross total income $866, 520 (rental income-$674, 988, commercial income-$125, 472, parking spaces income-$44, 460, laundry-$21, 600). Total Expenses $250, 360 (taxes-$183, 630, water/sewer-$38, 000, fuel/gas-$600, insurance-$10, 000, payroll-super-$8, 400). Net income (NOI) $615, 890.

Interior 4

Appliances

  • Stove

Flooring

  • Hardwood Floors

Heating Source

  • Gas
  • Hot Air

Heating System

  • Gas Hot Water Heat

Exterior 4

Construction

  • Brick

Foundation

  • Concrete

Roof

  • Flat Roof

Siding

  • Brick

Miscellaneous 2

Commercial

  • 110 Volts

Restrictions

  • No Pets

† Excluded Feature

Listed By

Broker: EXIT REALTY PROFESSIONALS
Phone: (917) 916-2368

238 55 , Brooklyn, NY, 11220 is a Multi-Family Home for sale at $13,800,000 with 14,022 sqft. 238 55 has 64 bedrooms, 32.0 baths, and was built in 1998. The property's zip code is 11220 which is in Brooklyn, NY

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Market Pricing

Average % of sale price Median % of sale price
All listings in Brooklyn $1,299,859 91 % below $899,700 93 % below
Multi-family listings in Brooklyn $1,444,466 90 % below $1,279,000 91 % below

Get the facts about Brooklyn, NY!

Population 2,605,119
Population Growth (since 2000) 6 %
Median Income $50,321
Median Age 35.91
Households w/ Children 29 %

Residential Dwellings

  • Owned 264711
  • Vacant 78635
  • Rented 691357

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