$2,195,000
Updated 2 years ago
Off Market

32 Fountain Ave

East New York, Brooklyn | Atlantic Ave & Wells Street

28 Rooms12 Beds7 Baths6,713 Square FeetIncome Property

$2,195,000
floors / apts3 / 7
Lot Size50'x100'
ZoneR5B
Building TypeLow-Rise
RE Taxes$46,470
Price Per SF
$327

Building Amenities

  • Video Intercom
  • Roof Deck

Property Description for 32 Fountain Ave

Introducing this money maker building with Cap rate of 7.3% plus, year built 2018, this is fully detached brick and stucco new construction building comprising of 7 free market rental units with 5 parking spots! The building is fully tenants occupied, and is approximately 6,713 square feet. The apartment room counts are as follows: One 3 bedroom unit. Three 2 bedroom units. Three 1 bedroom units. All of the apartments are fully renovated with modern appliances and finishes, including their own Fujitsu split HVAC system, hardwood floors, dishwashers, granite counter tops, oven, bathtubs, walk-in closets, double pane windows, intercoms, and much more. Building is conveniently located near the A and J trains, buses, the Highland Park Community Garden, banks, grocery stores, deli's bars, movie theaters, pharmacies, restaurants, and other desirable services. Full rent roll breakdowns and expenses will be provided for interested parties. Can't miss the opportunity to own a building which is NOT RENT- STABIILIZED!!!

Listing History for 32 Fountain Ave

Now
05/09/2024
POM by Jian Yang
Exit Realty Professionals
03/29/2024
$2,195,000 [-$104,000] [4.5%]
Price Drop by Jian Yang
Exit Realty Professionals

Building Details for 32 Fountain Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2018
Floors/Apts3/7
Learn More About the Building

Transit and Citi Bike

Subway

Norwood Av
0.24 miles
Crescent St
0.29 miles
Euclid Av
0.36 miles
Shepherd Av
0.43 miles
Cleveland St
0.43 miles

Contact Agents

Contact Agents

Jian Yang
Exit Realty Professionals
Rui Lan Wu
Exit Realty 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: 82975TH