12 days on rocket

354 48th St, Brooklyn, NY, 11220

$1,620,000

Home List Price

$10,000*

Closing Credit

4 Full Baths
Multi
Schools Nearby

Location

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354 48th St, Brooklyn$1,620,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, Street
HeatingOther, Electric
CoolingOther
BasementYes
FireplaceStove
MLS #481954
StatusActive

About 354 48th St

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.

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Brooklyn, NY

City

Med. Sold Price

$965.9K

Med. Price/SqFt

$689

Avg. Days On Market

101

# of Sold Homes

378

354 48th St vs Brooklyn

12 DAYS ON ROCKET

-89 Days

$1,620,000

+$654K More

KEY TAKEAWAY

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

IDX 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.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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: 5/22/2024, 9:20:31 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

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$8,153

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,923

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NMLS#3030

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.

Nearby Schools

school-card-donut-359219
3
/10

  • PS 1 The Bergen

  • 309 47th St

  • 0.08 miles

  • Public District Grades PK-5

school-card-donut-359220
5
/10

  • PS 94 The Henry Longfellow

  • 5010 6th Ave

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-359221
4
/10

  • Sunset Park Avenue Elementary School

  • 4004 4th Ave

  • 0.39 miles

  • Public District Grades KG-KG

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,432. Residents of Brooklyn, NY typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11220›354 48th St

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.

Brooklyn, NY housing market in April 2024 saw over 25 listings sold above listed price, more than 208 sold at listed price and over 145 sold below. In April 2024 in Brooklyn, NY there were 0.1% more homes for sale than in March 2024. In April 2024, listings were on the market for 101 days. During the same period, the median list price in this real estate market was $965,912.

From Rocket Homes Real Estate and based on county public records data.

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