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Map
$2,261,789*
●
Commercial -
Off Market
89 East 46th Street
Brooklyn, NY 11203
11 Beds
4 Baths
3600 Sqft
$1,386,000 - $1,694,000
Reference Base Price*
46.87%
Since Mar 1, 2019
NY-New York
Primary Model
About This Property
Beyond Capital is excited to present the disposition of 89 East
46th Street, a three family which is currently occupied but can be
delivered vacant. The strong demand for sales and rentals continues
to drive the residential market in East Flatbush, offering
investors and/or developers the opportunity to acquire an asset
with considerable long-term upside as either a long term rental
property or condominium conversion in the coming years. The
property is 3,600 sq ft, containing 3 fully renovated residential
units, each having a 3 three-bedroom layout, with a common laundry
room for tenants in the basement and two parking spots. The first
floor apartment also has a basement unit that is currently being
rented. The potential to duplex the basement and the first floor
must be consulted with an Architect. The property is a 20 x 100 lot
with R6 zoning and includes 1,260 sq ft of air rights for
expansion. The building was constructed in 2006 and has been
renovated within the last few years. The property is perfectly
situated within walking distance to three major hospitals and 12+
medical facilities within a 7 mile radius creating a high demand
for housing. The subject property offers an existing rent roll in
place with medical professionals currently living on a month to
month lease with the intent to do an annual lease. The current
tenant manages all three units and provides housing for medical
professionals in the neighborhood. Current CAP rate is 6.12%. The
total annual net income is $90,110.44 Setup available upon request.
Minimum 24 hours notice needed to show. The property is close to
all transportation. Walking distance to the Kingsbrook, Kings
County & SUNY Downstate Medical Centers.
The manager has listed the unit size as 3600 square feet.
The manager has listed the unit size as 3600 square feet.
Unit Size
3,600Ft²
Days on Market
-
Land Size
-
Price per sqft
$428
Property Type
Commercial
Property Taxes
$8,281
HOA Dues
-
Year Built
2006
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 3, 2024 | Sold to Rachel Kupfer, Yosef Meijers | $1,500,000 | |
Sold to Rachel Kupfer, Yosef Meijers | |||
Jul 30, 2019 | Sold to Hskcd Realty Llc | $1,350,000 | |
Sold to Hskcd Realty Llc | |||
Feb 17, 2019 | No longer available | - | |
No longer available | |||
Feb 8, 2019 | Relisted | $1,540,000 | |
Relisted | |||
Feb 6, 2019 | No longer available | - | |
No longer available |
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Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/10/2019
|
|
11 Bed
|
7 Bath
|
-
|
$1,450,000
11 Bed
7 Bath
|
$1,350,000
-6.90%
07/30/2019
|
Terry Gaynor
Highline Residential Queens
|