$950,000
Updated 4 years ago
Off Market
297 Pennsylvania Ave
East New York, Brooklyn | Belmont Ave & Sutter Ave
1,900 Square FeetMulti-Family
$950,000
floors / apts2 / 3
Lot Size19'x100'
Built Size19'x50'
ZoneR6
Building TypeTownhouse
RE Taxes$2,940
Price Per SF
$500
Property Description for 297 Pennsylvania Ave
3 FAMILY
FREE MARKET
5.7% Cap
Income
Basement 2Bedrooms $1400
1st FL 2bedrooms $1720
2nd FL 4bedrooms $2550
TOTAL $5670
ANNUAL $68040
Expenses /ANNUAL
Taxes $1800
Insurance $1800
Water $3500
Electric $1500
Gas $4500
TOTAL $13100
NOI
$54,940
CAP
5.7%
Rents are below market
Lower Level is MONTH TO MONTH (could be $1700 owner never raised)
1st FL lease expires Jan 30 2022 (rent could be about $2100)
2nd FL MONTH TO MONTH (rent could be $2600)
Plumbing was redone
Water heater and Boiler in good condition
Roof done 7-8 yrs ago
BRICK
Address:297PENNSYLVANIA AVENUE,BROOKLYN11207
Lot Area:1900 sf
Lot Frontage:19'Lot Depth:100
Year Built:1910
Number of Buildings:1
Number of Floors:2
Gross Floor Area:1,900 sf (estimated)
Zoning:R6
Lot
Lot sqft 1,900
Lot dimensions 19 ft x 100 ft
Ground elevation 36 ft
FREE MARKET
5.7% Cap
Income
Basement 2Bedrooms $1400
1st FL 2bedrooms $1720
2nd FL 4bedrooms $2550
TOTAL $5670
ANNUAL $68040
Expenses /ANNUAL
Taxes $1800
Insurance $1800
Water $3500
Electric $1500
Gas $4500
TOTAL $13100
NOI
$54,940
CAP
5.7%
Rents are below market
Lower Level is MONTH TO MONTH (could be $1700 owner never raised)
1st FL lease expires Jan 30 2022 (rent could be about $2100)
2nd FL MONTH TO MONTH (rent could be $2600)
Plumbing was redone
Water heater and Boiler in good condition
Roof done 7-8 yrs ago
BRICK
Address:297PENNSYLVANIA AVENUE,BROOKLYN11207
Lot Area:1900 sf
Lot Frontage:19'Lot Depth:100
Year Built:1910
Number of Buildings:1
Number of Floors:2
Gross Floor Area:1,900 sf (estimated)
Zoning:R6
Lot
Lot sqft 1,900
Lot dimensions 19 ft x 100 ft
Ground elevation 36 ft
Listing History for 297 Pennsylvania Ave
Now
10/21/2021
$950,000
Initial Price by Troy Gordon
R New York
Launch
Building Details for 297 Pennsylvania Ave
OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/3
Transit and Citi Bike
Subway
Liberty Av
0.32 miles
Van Siclen Av
0.32 miles
Sutter Av
0.35 miles
Pennsylvania Av
0.37 miles
Van Siclen Av
0.44 miles
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 82508TH
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