Description

Introducing an exceptional investment opportunity in Bensonhurst, Brooklyn. This meticulously maintained 19-family, 4-story brick building is a lucrative find for investors seeking a prime asset. Built in 1931, this property boasts a solid foundation and has undergone numerous upgrades to ensure its longevity and appeal. Situated on a generous lot size of 40x100, with a building size of 40x89, the property spans a total of 14, 240 square feet across all floors. Comprising eleven one-bedroom units and eight two-bedroom units. All rent stabilized and fully occupied, offering a stable income stream. Notable features include a recently replaced roof, and $120, 000 spent last year on exterior repairs, ensuring the building’s structural integrity. Additionally, the property has undergone extensive upgrades, including a new boiler, windows, and gas heating system. Its fire escape and stairs have also been freshly painted. The basement has an office and a bathroom, providing additional convenience for the management. Security is paramount, with surveillance cameras installed on each floor to ensure peace of mind for both tenants and owners. A complete set of rent registration paperwork is available upon request, simplifying the administrative process for potential buyers. Conveniently located within walking distance of the N-train and mere steps from the commercial district, the property offers easy access to a plethora of amenities, including shops, restaurants, and entertainment options. With great income potential, low maintenance and low property tax, this property represents a rare opportunity to acquire a solid investment in one of Brooklyn’s most sought-after neighborhoods. It is also an ideal choice for buyers considering a 1031 exchange. Please note that no offers will be accepted until formal contracts are signed by both buyers and sellers. All information provided is not guaranteed. Prospective buyers are encouraged to independently verify all information. Don’t hesitate - call today to ensure you don’t miss out on this incredible investment!