Active
2877 W 20TH Street
Brooklyn NY, 11224
$1,350,000
$613.64 per sqft
Active
2 Beds
8 Baths
2,200 sqft
Townhomes
Built in 1901
Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! BRP Exclusive! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time
RLS10984143
MLSⓇ ID
May 30, 2024
Listed
January 21, 2025
Updated
Map
2877 W 20TH Street
Brooklyn NY, 11224
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
8
Full Bathrooms
8
Laundry Description
In Unit
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.05 Acres
Other Property Details
Taxes
$9,192
Tax Frequency
Annually
Garage
No
View
No
View Description
Other
County
Kings
Pool
No
Listed by Jean Ho with Brooklyn Real Property Inc
Listing Contact: (718) 875-8899
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 1/21/2025 at 8:37 PM UTC