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Listing Courtesy of PEN REALTY LLC
$ 4,500
Open Sun 12PM-2PM
490 19th Street #1 Brooklyn, NY 11215
3 Beds
2 Baths
2,400 SqFt
OPEN HOUSE
Sun Aug 10, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Rent
Square Footage 2,400 sqft
Subdivision South Slope
MLS Listing ID RLS20029693
Style Walk-Up
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1915
Property Sub-Type Multi Family
Property Description
Located just steps from Prospect Park in prime, this beautifully maintained 9-unit multifamily building offering strong in-place income and long-term upside. The property includes six free market and three rent-stabilized units, featuring a mix of one- and two-bedroom layouts ranging from approx. 550 to 1,000 sq ft. All apartments have been recently renovated and are in excellent condition. Current gross monthly income is $33,350, or over $400K annually. With reported annual expenses adjusted for recent capital improvements, the projected NOI exceeds 500k, resulting in a higher cap rate. This turnkey asset is ideal for investors seeking stable returns in a high-demand Brooklyn neighborhood, near Prospect Park, top schools, shopping, dining, and transportation
Location
Interior
Cooling Window Unit(s)
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Washer
Laundry In Unit, See Remarks
Exterior
Private Pool No
Building
Dwelling Type Multi Family
Story 2
New Construction No
Others
Ownership None
Pets Allowed Building No, No
RLS Data display by Renee Lee