$3,295,000
Updated 2 years ago
Off Market

902 42nd Street

Borough Park, Brooklyn | 8th Ave & 9th Ave

10 Beds10 Baths14,400 Square FeetMulti-Family

$3,295,000
floors / apts4 / 16
Lot Size40'x100'
Built Size40'x90'
ZoneR6
Building TypeLow-Rise
RE Taxes$62,674
Price Per SF
$229

Listing Features

  • Radiator

Building Amenities

  • Voice Intercom

Property Description for 902 42nd Street

Don't miss this rare chance to own a 16-family brick building in Sunset Park, a prime location in Brooklyn. This corner property is rent stabilized and has a zoning of R6, offering great potential for development. The building size is 40x90 and the lot size is 40x100. All units have two bedrooms and are fully occupied, generating a gross income of 307,353 and a net income of 208,718. This is a solid investment opportunity with a 6% cap rate. Close to transportation, shopping, and schools.

Listing History for 902 42nd Street

Now
08/03/2024
POM by Billy Apter
RE/MAX Real Estate Professionals
03/14/2024
$3,295,000 [-$30,000] [0.9%]
Price Drop by Billy Apter
RE/MAX Real Estate Professionals

Building Details for 902 42nd Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1928
Floors/Apts4/16
Learn More About the Building

Contact Agents

Contact Agents

Billy Apter
RE/MAX Real Estate Professionals
Vito Angelo
RE/MAX Real Estate Professionals
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: 93481TH