Welcome to this newly renovated income-producing property. This legal 4-family property is great for investor or user, It boasts High income potential of $113,400/year = $9,450/month with lower expenses. Landlord only needs to pay cold water, insurance and property tax, which amounts only to $3,108/year. The property has a Cap Rate of 6.35% Completely Renovated 2 years ago, this house features new electrical, plumbing, heating and a/c systems, a new roof, new pipes, both first floor and second floor renovated ... This house features two 2-bedroom apartments, two 1-bedroom apartments, each with individual AC/heat units in every room. The property is situated on a quiet tree-lined block in the heart of Sunset Park. Conveniently close to Industry City, Bay Ridge, Park Slope and shopping, cafes, and more. Just minutes away from R & N train, Bus B9 & B11.
Property Details
Property Features
Listing Office:
Office Name: Ashford Homes LLC
Interior Features
Interior Information:
Appliances: Refrigerator, Stove
Basement: Yes
Flooring Type: Hardwood, Tile
Fireplace: Stove
Bedroom and Bathroom Information:
Full Bathrooms: 4
Exterior Features
Parking Information:
Attached Garage: No
Parking: None, Street
Utilities
Utilities Information:
Heating: Other, Electric
Cooling: Other
Price Information
Listing Price Info
Price Summary:
List Price: $1,620,000
Tax Information:
Annual Amount: $2,888
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $654K more than the Median Sold Price in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #481954
Listing Office:
Office Name: Ashford Homes LLC
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 5/31/2024, 11:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,888
$52,980
2019
$2,888
$52,980
2018
$1,952
$12,896
2017
$1,784
$12,746
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
PS 1 The Bergen
309 47th St
Distance between this listing and this school0.08 miles
Public District Grades PK-5
5
/10
PS 94 The Henry Longfellow
5010 6th Ave
Distance between this listing and this school0.35 miles
Public District Grades KG-5
4
/10
Sunset Park Avenue Elementary School
4004 4th Ave
Distance between this listing and this school0.39 miles
Public District Grades KG-KG
Nearby Schools
4
/10
Intermediate School 136 Charles O Dewey
4004 4th Ave
Distance between this listing and this school0.39 miles
Public District Grades 6-8
6
/10
Sunset Park Preparatory
4004 4th Ave
Distance between this listing and this school0.39 miles
Public District Grades 6-8
9
/10
Jr High School 220 John J Pershing
4812 9th Ave
Distance between this listing and this school0.78 miles
Public District Grades 6-8
Nearby Schools
4
/10
Sunset Park High School
153 35th St
Distance between this listing and this school0.67 miles
Public District Grades 9-12
5
/10
High School of Telecommunications Arts and Technology
350 67th St
Distance between this listing and this school0.95 miles
Public District Grades 9-12
2
/10
West Brooklyn Community High School
1053 41st St
Distance between this listing and this school1.10 miles
The neighbors living near this home have an average income of $39,432. Residents of Brooklyn, NY typically earn less than $35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 354 48th St in Brooklyn, NY and zip code 11220 in the Sunset Park neighborhood. Features: 4 bathrooms. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $1,620,000.
In April 2024 more than 25 listings in Brooklyn, NY were sold above the asking price. During the same period more than 208 listings were sold at asking price, while more than 145 were sold below. The inventory of homes for sale in Brooklyn, NY between March 2024 and April 2024 increased by 0.1%. In April 2024 median list price was $965,912 and the average listing age was 101 days.
From Rocket Homes Real Estate and based on county public records data.