1721 VOORHIES AVE., SHEEPSHEAD BAY, NY 11235

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$2,785,888 List Price
Off Market
 
Listing ID 11259220
Property Type Multi-Unit (5+)
County Kings
Township SHEEPSHEAD BAY
Neighborhood Sheepshead Bay
Total Tax $21,013
FEMA Flood Map fema.gov/portal
Year Built 1922
Virtual Tour
ALL NEW RENOVATED 7,200 SQ. FT. LEGAL 6 FAMILY WITH 8 UNITS RENTED. THE FOUNDATION OF THE BUILDING WAS ALSO COMPLETELY REDONE. THE ENTIRE BASEMENT WAS CONVERTED INTO ADDITIONAL LIVING SPACE. THE BASEMENT HEIGHT IS 7 FEET. THE TOTAL BUILDING SQFT IS 5,400 AND THE RENOVATED HALF-BASEMENT OF 1,800 SQFT WHICH IS DIVIDED UP BY TWO SEPARATE TWO-BEDROOM APARTMENTS; IN TOTAL 7,200 SQFT. IN TOTAL 8 TWO BEDROOM APARTMENTS. ALL OF IT IS RENTED OUT. IN ADDITION, THERE ARE 2 PRIVATE PARKING SPACES. TOTAL RENT INCOME $198,000 PROPERTY TAXES $19,200 WATER $5,800 GAS $4,000 INSURANCE $5,700 FLOOD INSURANCE $2,100 ELECTRICITY $1,700 TOTAL EXPENSE $38,500 NET PROFIT $159,500 CURRENT CAP RATE 5.75% PROJECTED CAP RATE 6.00%. ALL COOPERATING BROKERS AND AGENTS OFFERED 2% COMMISSION. THE SELLER AND BROKER AGREED TO PART WAYS AND HAVE NO MORE OBLIGATION TO EACH OTHER ON 4-12-24.
Property Details
  • 8 Full Baths
  • 5400 SF
  • 2128 SF Lot
  • Built in 1922
  • Renovated 2020
  • 4 Stories
  • Available 3/14/2024
  • 1500 Lower Level SF
  • Lower Level: Finished, Walk Out
  • Renovation: ALL NEW RENOVATION
Interior Features
  • 6 Heat/AC Zones
  • Gas Fuel
  • Natural Gas Avail
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Asphalt Shingles Roof
  • 2 Garage Spaces
  • Near Bus
  • Near Train
Commercial Info
  • 2 Parking Spaces
Income/Expenses
  • Gross Income $195,180
  • Paid by Landlord: Gas
Taxes and Fees
  • $21,013 Total Tax
Previously Listed By
LOMBARDO HOMES & ESTATES
Office: 855-919-0222
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