1727 E 14Th St Brooklyn, NY 11229

Property Details for 1727 E 14Th St

Year built

1985

Property size

7,000 SF

Property type

Commercial real estate

Description

This exceptional three-story, four-unit apartment building located at 1727 E 14th St, Brooklyn, NY 11229, presents a compelling investment opportunity. Boasting a total of 7,000 square feet, with 5,250 square feet of net rentable space, the property features four spacious three-bedroom, one-and-a-half-bathroom duplex apartments, each with its own in-unit mechanical room. Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $124,000, resulting in a 6.61% cap rate. Each unit is approximately $468,750, and the asking price for the entire property is $1,875,000 ($267.86 per square foot). Built in 1985, the building sits on a 2,500 square foot lot and is zoned R5B. Recent upgrades include a new roof. The apartments feature upgraded kitchens with high-quality appliances, dedicated laundry areas with existing washers and dryers, ample closet space, beautiful hardwood floors, and abundant natural light. The owner's unit boasts immaculate upkeep, high-end appliances, renovated hardwood floors, and exclusive roof access. This property's prime location near Kings Highway offers easy access to public transportation, including the B and Q subway lines and numerous bus routes. The area is also rich with shops and restaurants. This is an ideal investment for both owner-occupants and investors seeking a high-quality property with strong cash flow in a desirable Brooklyn neighborhood.