490 19th Street #1 Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11215
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Rent
Square Footage 2,400 sqft
Subdivision South Slope
MLS Listing ID RLS20029693
Style Walk-Up
Bedrooms 3
Year Built 1915
Property Sub-Type Multi Family
Property Description
Located just steps from Prospect Park in prime, this beautifully maintained 9-unit multifamily building offering strong in-place income and long-term upside. The property includes six free market and three rent-stabilized units, featuring a mix of one- and two-bedroom layouts ranging from approx. 550 to 1,000 sq ft. All apartments have been recently renovated and are in excellent condition. Current gross monthly income is $33,350, or over $400K annually. With reported annual expenses adjusted for recent capital improvements, the projected NOI exceeds 500k, resulting in a higher cap rate. This turnkey asset is ideal for investors seeking stable returns in a high-demand Brooklyn neighborhood, near Prospect Park, top schools, shopping, dining, and transportation
Location
State NY
County Kings
Building Detail https://miami.manhattanmiami.com/nyc/buildings/490-19th-st?listingId=1164530276
Interior
Cooling Window Unit(s)
Laundry In Unit,See Remarks
Building
Dwelling Type Multi Family
Story 2
New Construction No
Others
Pets Allowed Building No,No