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$ 899,999
Est. payment /mo
Price Dropped by $50K
417 Menahan ST Brooklyn, NY 11237
1,955 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 980621
Rental Info No
Year Built 1931
Annual Tax Amount $3,236
Lot Size 1,955 Sqft
Acres 0.0449
Property Sub-Type Multi Family
Source onekey2
Property Description
Well-maintained six-unit multifamily building located in the heart of Bushwick, Brooklyn. The property consists of six (6) residential units with a desirable mix of rent-stabilized and free-market apartments. Three (3) units are currently rent-stabilized with long-term tenants at approximately $790/month, while three (3) units are free-market, generating rents of $2,600+.
The building is in overall good condition and has been properly maintained. Three (3) units will be delivered vacant, offering immediate opportunity for income optimization and repositioning at market rents. This creates a strong value-add component for investors seeking both in-place cash flow and upside potential.
Zoned R6. Additional interior reconfiguration or optimization potential may exist, subject to purchaser's independent verification and required approvals.
Conveniently located near public transportation, shopping, and neighborhood amenities. Property to be delivered AS-IS. Buyer to perform their own due diligence. All information deemed reliable but not guaranteed.
The building is in overall good condition and has been properly maintained. Three (3) units will be delivered vacant, offering immediate opportunity for income optimization and repositioning at market rents. This creates a strong value-add component for investors seeking both in-place cash flow and upside potential.
Zoned R6. Additional interior reconfiguration or optimization potential may exist, subject to purchaser's independent verification and required approvals.
Conveniently located near public transportation, shopping, and neighborhood amenities. Property to be delivered AS-IS. Buyer to perform their own due diligence. All information deemed reliable but not guaranteed.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Electric
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Available, Natural Gas Available
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Keller Williams Landmark II • Shahroz A. Syed
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3505 Veterans Memorial Hwy, Suite L, Ronkonkoma, NY, 11779, USA