$1,075,000
Excellent opportunity to own a brick, three-family home in the heart of Sunset Park, Brooklyn! This multi-family property features three separate residential units, each offering 2 bedrooms and 1 full bathroom, with a finished basement providing additional versatile space for recreation, storage, or other potential uses, subject to applicable regulations.… Read More Ideal for both investors seeking rental income and owner-occupants looking to offset their mortgage with rental income, this property offers a practical layout with multiple possibilities. The solid brick exterior and three-family configuration make it an attractive opportunity for those looking to expand their real estate portfolio or accommodate extended family. Conveniently located in Sunset Park, this property offers easy access to neighborhood shopping, supermarkets, local restaurants, bakeries, and everyday essentials. The surrounding area features a vibrant, diverse community with a wide variety of dining options and neighborhood businesses, making daily living convenient and enjoyable. Transportation is another major advantage, with access to nearby public transportation connecting residents to other parts of Brooklyn and Manhattan. Schools, parks, houses of worship, and other community amenities are also available throughout the neighborhood. Whether you are looking for a multi-family investment, a property to accommodate multiple generations, or an opportunity to generate rental income, 319 48th Street presents a compelling combination of space, versatility, and neighborhood convenience. Don't miss this opportunity to own a three-family brick property in a well-established Brooklyn neighborhood!. The property is 16 x 45, lot 16 x 100. The property will be delivered vacant by the closing. Read Less
Courtesy of Mei Hua (Michelle) Dong, RE/MAX Edge 718-612-3088
Listing Snapshot | Source HomeJunction
Days Online
24
Last Updated
Property Type
Multi Family
Beds
6
Full Baths
4
Square Ft.
2,232
Lot Size
0.04 Acres
Year Built
1910
MLS Number
505290
30 Days Snapshot Of 11220
$578k
-3%
(avg) sold price
2
-33%
homes sold
199
-49%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Basement
Amenities: Finished, Full
First Bedroom
2 total beds
Second Bedroom
2 total beds
Third Bedroom
2 total beds
Building
Built in 1910, 2,232 total sqft, 720 building footprint sqft, 1 ac unit, 3 families, 3 stories, 3 units, Length: 45.00, Type: Attached, Width: 16.00, Brick
Expenses
Fuel expense: $3,000, Gross expense: $14,000, Insurance expense: $2,000
Exterior Features
Brick
Fees
Cap rate: 0.01
Floors
Hardwood, Tile
Foundation
Poured Concrete
Heating
Heat delivery: Steam/Radiator, Heating fuel: Gas
Income
Gross income: $24,000, Net operating income: $10,000, Rent income: $24,000
Lot
1,603 sqft, Number: 68, Size irregular, Size length: 100, Size width: 16
Property
Property panorama VT: https://www.propertypanorama.com/instaview/bny/505290, Property panorama, Zoning: R6B, Yard: Back, Front
Roof
Flat
Taxes
Tax amount: $5,267
Utilities
Expense: 600.00, 110 V, Hot water: Gas
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Mortgage Calculator | Source Home Junction
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