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
MLS#
504242
Bedrooms
12
Full-baths
12
Sq. Ft
8,378
Year Built
1926

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

Lot Size
4,000
Stories
3
Parking Description
None
Heat Source
Gas, Oil
Year Built
1926
Zoning
R4-1
Sale Type
Arm's Length
Bank Financing
1031 Exchange, Bank Mortgage, Cash
Building Type
Detached
Year Built
1926
Basement
Full
Lot Dimensions
100 x 40
Building Dimensions
86.00 x 40.00
Estimated Yearly Tax Amount
$14,838

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Edge.