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OKane Realty
OKane Realty
![[East New York Real Estate, listing number 7292798]](https://www.vlshomes.com/images/full/7292798a.jpg)
| Description: 7292798 | |
| 863 Dumont Ave, Brooklyn, NY 11207 â?? Exceptional investment opportunity in the heart of East New York. This legal detached brick 3-family building offers strong existing cash flow with significant upside potential. Configured as a spacious 5-bedroom/1-bath apartment over two 4-bedroom/1-bath apartments, plus a full unfinished basement with both an interior entrance and separate rear access. The property underwent a gut renovation approximately 5 years ago and remains in very good overall condition, requiring only minor cosmetic updating. Fully occupied and producing approximately $9,600 per month in rental income, this property also presents clear upside potential with projected market rents estimated around $13,000 per month. Additional features include detached brick construction, separate utilities with 2 electric meters and 3 gas meters, 1 hot water tank, and 1 furnace. The oversized apartments provide excellent functionality and strong tenant appeal in a high-demand rental market. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major roadways. Easy access to subway lines, bus routes, and the Belt Parkway adds to the propertyâ??s long-term investment appeal. Excellent opportunity for investors seeking a large income-producing Brooklyn property with strong existing returns and future growth potential. | |
Details: |
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| Families: | 3 | |
| Property Type: | House | |
| Acres: | 0.06 | |
| Built: | 1901 | |
| School District: | Brooklyn 18 | |
Financials: |
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| Price: | $1,395,000 | |
| Taxes: | $2,068 | |
Designed, Developed, Hosted