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38 Bay 32nd St, Brooklyn
Value-Add Opportunity! 6-unit building with (1) 1-bedroom, (4) 2-bedroom and (1) 3-bedroom units. All brick, large building w/ high ceilings, 3 floors plus full basement & 1 parking space. Building is 5,244 sf not including basement. The units are individually metered for cooking gas/electric. Tenants pay for cooking gas and electric. Owner pays for heat, hot water, common electric and cold water/sewer. Lot size 30x96. R5 zoning. Current rental income at 50% occupancy is $36,360 yearly. Expenses are approximately $32,736 (includes taxes). No leases, 2 vacant units and 1 owner-occupied. Seller will deliver with 3 vacancies (2F, 3F, 3R). Taxes $17,916 yearly. Building is Rent Stabilized. Adjacent 6-unit building for sale, see MLS# 1140263. Buy as package or separate.
- MLS® #1140264
- Square Footage5,244
- Year Built1924
- Sub-TypeSix Family
- Listing OfficeHt Realty Usa, Llc
- Address38 Bay 32nd St
- Zip Code11214
- # of Stories3
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