Don't miss this rare chance to own a 16-family brick building in Sunset Park, a prime location in Brooklyn. This corner property is rent stabilized and has a zoning of R6, offering great potential for development. The building size is 40x90 and the lot size is 40x100. All units have two bedrooms and are fully occupied, generating a gross income of 307,353 and a net income of 208,718. This is a solid investment opportunity with a 6% cap rate. Close to transportation, shopping, and schools.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1928
Stories: 4
Living Area: 14,400 SqFt
Listing Office:
Office Name: RE/MAX Real Estate Professiona
Interior Features
Interior Information:
Appliances: Refrigerator, Stove
Basement: Yes
Flooring Type: Hardwood
Fireplace: Stove
Bedroom and Bathroom Information:
Full Bathrooms: 16
Total Bedroom Count: 32
Exterior Features
Parking Information:
Parking: Other, Street
Utilities
Utilities Information:
Heating: Steam, Natural Gas
Price Information
Listing Price Info
Price Summary:
List Price: $3,295,000
Price Per SqFt: $229/SqFt
Tax Information:
Annual Amount: $65,008
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $2.3M more than the Median Sold Price and $468/SqFt less than other homes in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #479190
Listing Office:
Office Name: RE/MAX Real Estate Professiona
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
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, 10:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$65,008
$557,550
2019
$64,495
$557,550
2018
$55,610
$531,000
2017
$49,660
$527,850
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
P.S. 131 Brooklyn
4305 Fort Hamilton Pkwy
Distance between this listing and this school0.28 miles
Public District Grades PK-5
7
/10
P.S. 169 Sunset Park School
4305 7th Ave
Distance between this listing and this school0.31 miles
Public District Grades KG-5
8
/10
School of Creativity and Innovation (The)
736 48th St
Distance between this listing and this school0.39 miles
Public District Grades PK-2
Nearby Schools
8
/10
J.H.S. 220 John J Pershing
4812 9th Ave
Distance between this listing and this school0.32 miles
Public District Grades 6-8
5
/10
Sunset Park Preparatory
4004 4th Ave
Distance between this listing and this school0.79 miles
Public District Grades 6-8
2
/10
Intermediate School 136 Charles O Dewey
4004 4th Ave
Distance between this listing and this school0.79 miles
Public District Grades 6-8
Nearby Schools
4
/10
West Brooklyn Community High School
1053 41st St
Distance between this listing and this school0.23 miles
Public District Grades 10-12
4
/10
Sunset Park High School
153 35th St
Distance between this listing and this school0.88 miles
Public District Grades 9-12
6
/10
Urban Assembly School for Leadership and Empowerment
4200 16th Ave
Distance between this listing and this school1.00 miles
The neighbors living near this home have an average income of $29,265. Most Brooklyn, NY residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
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This home is located at 902 42nd St in Brooklyn, NY and zip code 11219 in the Sunset Park neighborhood. This 14,400 square foot home was built in 1928. Features: 32 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since January 12, 2024 and is currently priced at $3,295,000.
In October 2024, from all listings sold in Brooklyn, NY there were more than 50 sold above asking price, over 169 sold below and more than 217 were sold right at the asked price. In October 2024 in Brooklyn, NY there were 0.1% more homes for sale than in September 2024. In October 2024, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $984,431.
From Rocket Homes Real Estate and based on county public records data.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
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