A Prime Investment Opportunity in Bensonhurst â?? Oversized 19-Family Building. Located in the heart of Bensonhurst, one of Brooklynâ??s most sought-after neighborhoods, this fully detached 19-family building is a rare find. Situated on an oversized 60â?? x 100â?? lot with a 60â?? x 77â?? building size, this property offers exceptional space and income potential. The unit mix includes 14 spacious one-bedroom apartments and 5 well-designed two-bedroom apartments. This well-maintained building features an 8-year-old roof, a new heating and hot water boiler, and 19 gas meters that are separately metered for tenantsâ?? convenience. The basement storage generates an additional $3,000 per month in income. A recently installed backflow prevention water clock system, valued at $22,000, ensures smooth operation and complies with all inspections. Additionally, 15 kitchens have been newly renovated with modern interiors, while 4 other units remain in excellent condition. The building also offers full camera surveillance for added security, making it a turnkey, hassle-free investment. Located in an excellent Bensonhurst neighborhood, the property is situated near the Belt Parkway and the D Train subway line, offering easy access to transportation. It is also just a short distance from 86th Street shopping, where numerous shops, restaurants, and amenities await. Financially, the property boasts an impressive annual income of $394,500 against annual expenses of $119,328, providing a solid 5.5% cap rate. The seller is offering owner financing with 50% down at a competitive 5% interest rate and a 10-year balloon payment, presenting a unique opportunity to secure a high-income property with flexible terms. Whether youâ??re planning for long-term investment growth or seeking a high-performing asset, this building is a smart and strategic choice.
Details:
Families:
19
Bathrooms:
19
Property Type:
Multi-Family
Built:
1931
Financials:
Price:
$5,500,000
RE/MAX Edge Michelle J. Zhang Office: (718)612-3088
provided by Brooklyn NY MLS
![[Bensonhurst Real Estate, listing number 3302945]](https://www.vlshomes.com/images/full/3302945a.jpg)