1424 71st St Brooklyn, NY 11228-1722
- Apartment buildings
- 4,680 SF
- 0.05 lot acres
Current Use by Public Records
- Bergen Beach Playground / Family Recreation Center
Property Details for 1424 71st St
- Year built
- 1925
- Lot size
- 0.05 lot acres
- Property size
- 4,680 SF
- Zone code
- R5
- Property type
- Apartment buildings
- APN
- 06179-0017
- APU
- 61790017
Description
This exceptional investment opportunity presents a well-maintained six-unit apartment building located at 1424 71st Street in Brooklyn, New York, 11228. The property, built in 1925, is a three-story brick structure situated on a 2,000 square foot lot. Currently operating at 100% occupancy, this income-producing asset offers a compelling return for investors. The building comprises six residential units, with a mix of four one-bedroom units and two two-bedroom units. Conveniently located, the property enjoys proximity to public transportation and shopping amenities, enhancing its appeal to tenants. Individual electric and gas meters for each unit simplify utility management and billing. The property is zoned R5, providing flexibility for future development or renovations. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax-advantaged transactions. The asking price for this turnkey multifamily investment is $1,349,000. This represents a rare chance to acquire a stable, high-performing asset in a desirable Brooklyn location. The building's solid construction and strong tenant occupancy make it an ideal addition to any real estate portfolio.
Value Estimations
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,325,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0024
- Latitude
- 40.6207
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
