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1740 East 4 Street
Brooklyn New York 11223

$1,799,000real estate property listed by Realty Executives real estate property listing

Pending Listing ID 437556
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11 bed
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6,450 square feet
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6.00 Bath (6 Full Bath)
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Built in 1927
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$1,799,000real estate property listed by Realty Executives real estate property listing

Pending Listing ID 437556

1740 East 4 Street A rare opportunity to purchase a VACANT multi-family property. This semi-attached six family three-story building is all brick with a full basement, built in the early 1900. The building is 25 by 86 on a 25 x 100 lot, it offers two units on each floor, two 820 sq. ft. two bedroom apartments on the second and third floors, one 640 sq. ft. 1-bedroom apartment and one 820 sq. ft. two bedroom apartment on the ground floor. This building has a full basement with a separate, locked, storage-area and plenty of space to create a coin-operated laundry room. Upgraded amenities within the last 10 to 15 years include, new roof, new windows, new electrical wiring and new gas boiler. In addition, three apartments were renovated, creating market value rent, plus current DHCRs show the legal projected rents competitive with today’s rental market and offer a projected cap rate of 6.03%. The building is located three blocks from F-train subway line, walking distance from Ocean Parkway, a short driving distance to Manhattan and major highways. Close to Avenue P and MC Donald Avenue shopping areas. This is an excellent opportunity for investing in a solid financial building or converting/developing into condominium project.

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Property Features

  • Facts
  • Built in: 1927
  • Property Type: Residential
  • Property Sub-type: Multi-Family
  • Borough: Brooklyn
  • Lot Sq Ft: 2500
  • Yard: Back
  • Features
  • Full Bathrooms: 6
  • Cooling System: 0
  • Exterior Finish: Brick
  • Floor Covering: Ceramic, Hardwood, Laminate, Linoleum
  • Roof Type: Flat
  • Heating Fuels: Gas
  • Heating Systems: Hot Water, Steam/Radiator
  • Building Amenities: NONE
  • Parking Feature Single: Street
  • Water Front Present YN: 0

Additional Property Information

  • Class Description: Cross Property
  • County Or Parish: Kings (Brooklyn)
  • Listing Last Updated: 2020-09-09T11:45:02.313
  • Photo Count: 21
  • Pictures Last Updated: 2020-03-18T14:17:07.257
  • Year Built: 1927
  • Zoning: R5
Listing Changed: 9/14/2020 9:44:39 AM GMT
Source Updated Date: 10/19/2020 2:01:10 PM GMT

Courtesy of: Larry Cricchio, Realty Executives Metro

"Copyright 2020, Brooklyn MLS. All Rights Reserved."

The accuracy of all information, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed or warranted. All information should be independently verified through personal inspection by and/or with the appropriate professionals.