5 months on rocket

2877 W 20th St, New York City, NY, 11224

$1,350,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
8 Full Baths
2,200 SqFt
$614/SqFt
Townhouse

Location

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2877 W 20th St, New York$1,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
Year Built1901
ViewOther
MLS #RPLU-716123037445
StatusActive

About 2877 W 20th St

<span>Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! BRP Exclusive! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time</span>

Property Details

Property Features

Property Information:

  • Year Built: 1901
  • Living Area: 2,200 SqFt

Listing Office:

  • Office Name: Brooklyn Real Property Inc
  • Office Phone: (718) 875-8899
  • Listing Agent: Jean Ho
  • Agent Phone: (718) 875-8899

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,350,000
  • Price Per SqFt: $614/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

2877 W 20th St vs New York

167 DAYS ON ROCKET

+83 Days

$1,350,000

+$493.8K More

$614/SqFt

-$31 Less

KEY TAKEAWAY

This property is $493.8K more than the Median Sold Price and $31/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-716123037445

Listing Office:

  • Office Name: Brooklyn Real Property Inc
  • Office Phone: (718) 875-8899
  • Listing Agent: Jean Ho
  • Agent Phone: (718) 875-8899

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/21/2024, 1:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,114

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-309559
5
/10

  • P.S. 90 Edna Cohen School

  • 2840 W 12th St

  • 0.36 miles

  • Public Magnet Grades PK-5

school-card-donut-309560
2
/10

  • P.S. 329 Surfside School

  • 2929 W 30th St

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-309561
3
/10

  • P.S. 188 Michael E. Berdy School

  • 3314 Neptune Ave

  • 0.73 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,508. The most common annual income of people living in New York, NY is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2877 W 20th St

What is the listing price of this property?

The listing price of 2877 W 20th St property is $1,350,000.

What type of property is this?

The property 2877 W 20th St is a townhouse located in New York City, New York, 11224.

Is this property for sale now?

Active Listing: 2877 W 20th St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 2877 W 20th St has 2 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 2877 W 20th St is 2,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2877 W 20th St is 1901.

Rocket Homes›New York›Kings County›New York›11224›2877 W 20th St

This home is located at 2877 W 20th St in New York City, NY and zip code 11224 in the Coney Island neighborhood. This 2,200 square foot home was built in 1901. Features: 2 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since June 06, 2024 and is currently priced at $1,350,000.

In October 2024, from all listings sold in New York, NY there were more than 269 sold above asking price, over 833 sold below and more than 850 were sold right at the asked price. The inventory of homes for sale in New York, NY between September 2024 and October 2024 increased by 1.8%. While the average time on the market in October 2024 was 84 days, the median list price was $856,124.

From Rocket Homes Real Estate and based on county public records data.

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