1207 49Th St Brooklyn, NY 11219
- Retail residential properties
- 30,695 SF
- 0.23 lot acres
Current Use by Public Records
- A B Silver Art / Silversmith
- Newton Electric. / Electrical Installation Service
- Meyan Convenience / Convenience Store
- M.H.A CONTRACTING / Contractor
- Tehilla's Hair Salon / Hair Salon
Property Details for 1207 49Th St
- Year built
- 1923
- Lot size
- 0.23 lot acres
- Property size
- 30,695 SF
- Zone code
- R6
- Property type
- Retail residential properties
- APN
- 05634-0001
- APU
- 56340001
Description
This exceptional four-story apartment building, located at 1207 49th St in Brooklyn, NY 11219, presents a compelling investment opportunity. Boasting 43 units within 30,600 square feet, this property offers a remarkable 100% occupancy rate, generating a substantial net operating income (NOI) of $500,000 and a 5.71% capitalization rate. The asking price is $8,750,000, translating to $203,488 per unit and $285.95 per square foot. Built in 1923, the building sits on a 0.23-acre lot and features a recently replaced roof and a newer boiler system, minimizing immediate capital expenditure needs. Its prime location in a desirable Brooklyn neighborhood ensures consistent rental income and strong tenant demand. The property's excellent rental history and consistently high occupancy underscore its stability and potential for long-term growth. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving market. The building's strong financials and desirable location make it an ideal addition to any investment portfolio. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9939
- Latitude
- 40.6364
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
