530 50th Street, Brooklyn, New York 11220
- $2,495,000
- 7,140
- SqFt
- List Price
- $2,495,000
- Status
- ACTIVE
- MLS#
- 504438
- Full-baths
- 9
- Sq. Ft
- 7,140
- Year Built
- 1921
Property Description
PORTFOLIO PACKAGE DEAL: TWO BUILDINGS SOLD TOGETHER (NO SEPARATE SALES). The sale includes both [Building 1 address: 528 50th Street, Brooklyn NY 11220] and [Building 2 address: 530 50th Street, Brooklyn NY 11220]. Attention investors and/or 1031 exchange buyers! Exceptional opportunity to acquire a stable, income-producing multi-family portfolio in one of Brooklyn’s most resilient rental markets. This offering feature two separate multiple-dwelling rental buildings being sold together, delivering immediate cash flow and a reliable, low-vacancy track record. This property is part of a mandatory two-building portfolio package and cannot be purchased individually. Both properties must close simultaneously under two separate, concurrent contractual agreements. These two Multi-family investment buildings feature rent-stabilized and rent-controlled units, offering a stable and highly predictable cash flow asset. Each building has 10 individual gas meter and 10 individual electric meters. Each building has 9 apartments.
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Additional Information
- Lot Size
- 2,504
- Stories
- 4
- Heat Source
- Gas
- Year Built
- 1921
- Zoning
- R6B
- Sale Type
- Arm's Length
- Bank Financing
- 1031 Exchange, Bank Mortgage, Cash
- Building Type
- Attached
- Year Built
- 1921
- Basement
- Finished, Full
- Lot Dimensions
- 100 x 25
- Building Dimensions
- 89.00 x 25.00
- Estimated Yearly Tax Amount
- $36,527
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Listing courtesy of Momentum Real Estate LLC.