Coldwell Banker Reliable Commercial Division is pleased to offer 466 54th Street for sale. A seven unit multifamily property located in the Sunset Park neighborhood of Brooklyn. Projections: $94,500 Gross Income, $73,673 Net Income, 5% Cap Rate, 2,700 SF 3 story building on a 19.75 ft x 100.17 ft lot. 7 apartments, 5 two bedrooms, 2 Studios, Free market rents. Apartment 2F to be delivered vacant.Between 4th & 5th avenues, major retail corridors. Walking distance to the N & R train, B9 & B63 Buses. Easy access to I-278, Prospect Expressway and the Belt Parkway. Near Sunset Park, the park features stunning views, a state-of-the-art swimming pool, green fields, pedestrian walkways, a sand volleyball court and a recreation center.

Property Type: Multi-Family
Property Use: Other Commercial
Year Built: 1931
Level Number: 3
Lot Dimensions: 20 x 100
Max Continuous Area: 2,700
Min Divisible Area: 2,700
Sub-Lease: 7
Zoning: R6B
Cap Rate Percentage: 5.5
Listing ID: PGZFEY
Additional MLS: 408550
Style: Multi-Family (5-20 Units)
Building Size: 2,700 SF
Lot Size: 1,978 SF
Available Date: Apr 4th, 2017
Taxes: $12,133
Area Description

Area Description: Sunset Park is a neighborhood in the western part of the New York City borough of Brooklyn. It is bounded by the Gowanus Expressway/17th Street, Park Slope, Greenwood Heights and Green-Wood Cemetery to the north, 8th Avenue and Borough Park to the east, 65th Street and Bay Ridge to the south, and Upper New York Bay to the west.

Region: Brooklyn

Region: New York

Region: United States

Region: Sunset Park

Property Features
Full Bath: 7
Location Name: Sunset Park
Flooring: Tile, Hardwood
Heating - Fuel Type: Gas
Roof: Rubber
Road Type: City / Town Street
Area Description: Metropolitan
Exterior Description: Brick
Gross Income: $94,500
Expenses: $20,827
Additional Media