1814 East 19th Street, Brooklyn, New York 11229

$1,999,000
12
BD
12
BA
8,378
SqFt

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List Price
$1,999,000
Status
ACTIVE
Days on Market
0
MLS#
504242
Year Built
1926
Bedrooms
12
Bathrooms
12
Full Baths
12
Living Area
8,378
Lot Size
4,000
MLS Area Major
Homecrest

Property Description

Rare-find 12-family detached brick building with 9 of 12 apartments delivered vacant at closing, located in prime Homecrest! This is an extremely rare opportunity offering 75% vacancy at closing and tremendous flexibility and value-add potential for the new owner, subject to applicable rent regulations. The building consists of 12 one-bedroom apartments with a total of 34 rooms and 12 bathrooms. The remaining 3 apartments are tenant occupied. Building size 40x86 ft with approximately 8,378 sq ft sitting on a 40x100 ft lot. Property features brass plumbing, upgraded electrical service capable of supporting 24 air-conditioning units along with other electrical needs, and a relatively newer gas/oil combination boiler currently operating on gas. Fully detached construction provides excellent natural light and ventilation throughout. Conveniently located near public transportation, shopping, restaurants, schools, and the Kings Highway/Avenue U commercial corridors. Extremely rare opportunity to acquire a 12-unit Brooklyn apartment building with 9 vacancies at closing!

Additional Information

Taxes
$14,838
Financing
1031 Exchange, Bank Mortgage, Cash
Zoning
R4-1
Flooring
Hardwood, Laminate, Tile
Heating
Gas, Oil
Exterior Features
Brick
Stories
3
Roof
Flat
Foundation
Poured Concrete

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Calculator source: Real Geeks

Courtesy Of RE/MAX Edge