36-38 Bay 32 Street, Brooklyn, NY 11214

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$2,650,000 Sold Price
Sold on 3/29/2022
 
Listing ID 10699219
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood Bensonhurst
Total Tax $33,760
FEMA Flood Map fema.gov/portal
Year Built 1924
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Value-Add Opportunity! 12-unit Brick Building, only 6 Tenants!

Value-Add Opportunity! 12-unit apartment building with (3)-1 bedroom, (6)-2 bedroom and (3)-3 bedroom apartments. All brick, large building 46 feet wide by 76 feet deep (combined), 3 floors plus full basements, 2 parking spaces and high ceilings. Building is 10,488 sf without basements. 2 gas boilers, 4 gas hot water heaters, 14 gas meters/bays and 14 electric meters. Existing Income $67,560 yearly. Projected Income $176,316 yearly. Expenses are approximately $67,034 yearly. No leases, 4 vacant apartments, 3 owner occupied apartments. Real Estate Taxes $35,834 yearly ($17,917 each). Landlord pays for heat, hot water, common space electric/heat and cold water/sewer. Tenants pay for cooking gas and electric. Built 1924. Lot size 60 x 96.67 (5,800.20 sf), R5 zoning. This sale includes (2) 6-unit apartment buildings that are semi-attached to each other, same owner, separate deeds, separate lots. Income Producer! Development Opportunity! Great candidate for a Condo development project. Speak with your architect regarding what can be built. Train (D-line) at Bay Parkway Station, bus and Belt Parkway nearby. Both buildings are Rent Stabilized. The following units will be delivered vacant: Building #36: 1F, 2F, 3F, 3R and Building #38: 2F, 3F, 3R. Buy as a package or separate. See MLS # 106992168 & 10699201.
Property Details
  • 12 Full Baths
  • 10488 SF
  • 5800 SF Lot
  • Built in 1924
  • 3 Stories
  • Available 1/29/2020
  • Full Basement
  • 3526 Lower Level SF
  • Lower Level: Unfinished, Walk Out
  • Renovation: Mechanicals, gas and electric service updated. Some apartments in good condition, some need a little TLC.
Unit Information
Unit #1 – Rent Price: 1400, Bedrooms: 3, Full Baths: 1
Unit #2 – Rent Price: 1000, Bedrooms: 1, Full Baths: 1, Occupied
Unit #3 – Rent Price: 1300, Bedrooms: 3, Full Baths: 1
Unit #4 – Rent Price: 800, Bedrooms: 1, Full Baths: 1, Occupied
Unit #5 – Rent Price: 1700, Bedrooms: 2, Full Baths: 1
Unit #6 – Rent Price: 1300, Bedrooms: 2, Full Baths: 1
Unit #7 – Rent Price: 1300, Bedrooms: 2, Full Baths: 1, Occupied
Unit #8 – Rent Price: 930, Bedrooms: 2, Full Baths: 1, Occupied
Unit #9 – Rent Price: 763, Bedrooms: 3, Full Baths: 1
Unit #10 – Rent Price: 800, Bedrooms: 1, Full Baths: 1, Occupied
Unit #11 – Rent Price: 1700, Bedrooms: 2, Full Baths: 1
Unit #12 – Rent Price: 1700, Bedrooms: 2, Full Baths: 1
Interior Features
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Linoleum Flooring
  • Steam Radiators
  • Natural Gas Fuel
  • Natural Gas Avail
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Stucco Siding
  • Rubber Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Near Bus
  • Near Train
Income/Expenses
  • Gross Income $67,560
  • Paid by Landlord: Electric, Heat, Gas, Water
Taxes and Fees
  • $33,760 Total Tax
  • Tax Year 2019
Sale Information
  • Sold on 3/29/2022
  • Sold for $2,650,000
  • Buyer's Agent: Hericson Torres
  • Company: HT Realty USA, LLC.
Previously Listed By
HT REALTY USA LLC
Office: 347-921-3555
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