1111 Sheepshead Bay Road
Brooklyn, NY, 11229 $ 2,685,000
Bedrooms10 Baths8.0 Sq 5,440 Monthly Estimate*
$ 17,845
for $2,685,000 with 10 bedrooms and 8 full baths. This 5,440 square foot home was built in 2003 on a lot size of 0.13.
Top property for investor/homeowner or 1031 Exchange! Situated in prime residential area Homecrest, Brooklyn, neighboring Sheepshead Bay, Brooklyn,. Built in 2003, this EXTRA LARGE ALL BRICK building 32 x 68, lot 51.42 x 122.25. The 2.5 story(each unit is a duplex apartment) with a full basement, is one of a kind legal 3 family property. You can both live in and make a great income. If you are considering buying a Condo for about $2M, why not consider this 3 Family property that can be 3 condos value and easy to rent without additional board requirements or a wait for board approval. The property is a low maintenance modern building. Three units have been totally renovated with lots of upgrades: beautiful hardwood floors throughout each unit; granite countertops; wood cabinets; stainless appliances in every kitchen in each unit. 1st floor is a ONE UNIT apartment (1F + 1R), has 4 bedrooms, 4 bathrooms, two master bedrooms comes with two private bathrooms, the living room, dining room, and kitchen ARE DOUBLE SIZES (pls call for explanation) and the unit connects with huge full finished basement, making it a duplex. 2nd floor TWO UNITS apartments 2F and 2R, the 16 feet high ceiling in living room gives one a side hall feel of luxury duplex! Both units have a spacious Living room, dining area combo, kitchen, 1 bathroom, one bedroom and a spiral staircase taking you to upper level for 2 bedrooms, and one 4 piece bathroom in the hallway. All bathrooms are high taste/quality tiled. All units have an outdoor area. A huge garage sits in the back of long driveway (parks 3-4 cars)This 3 family property is also CONDO CONVERSION READY, perfect for a primary residence with two great income producing units or as an investment property solely. All three units are being used as free market rentals currently. 4 boilers, 4 hot water tanks, 4 electricity meters,4 gas meters (1st unit has 2 boilers & 2 hot water tanks-it can become legal 2 units after closing). Tenants pay all their own utilities. Landlord pays for RE taxes, insurance, water/sewer and common utilities for stairways/hallway areas. Total annual Rental Income: $122,400 (it can be increased after leases are up) Excellent transportation: walk 5 minutes to Bus B68, 7 minutes to Q train, or 11 minutes to B train, and transfer to A, C, E, F, G, J, L, M, N, R, S, W, going anywhere in NYC. 10 minutes walk to shore the waterfront, and IT'S NOT IN FLOOD ZONE! No flood insurance required. Close to shops, restaurants, supermarkets, fitness clubs, museums, schools, libraries, parks, and etc... Please note that all showings are by appointments only because all units are occupied by excellent tenants and require 72 hours notice. For more information, please contact the listing agent for more information and showing appointments. Thank you!
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FeaturesGeneralSewer City
Heating Hot Water Electric Natural Gas
Zoning R4
Garage Spaces 2.0
Construction Materials Brick
Year Built 2003
Electric 220 Volts
Stories 3
Property SubType 3F
Gross Income 122400.0
County Kings
Net Operating Income 88600.0
Operating Expense 33800.0
New Construction N
Property Type Residential Income
Attached Garage N
Building Features Cable
Status Active
City Brooklyn
View Y/N N
Total Units 3
MLS Area Sheepshead Bay
Lot Size Square Feet 5800.0
Carport Y/N N
Street Name Sheepshead Bay
Year Built Details Approx
Land Lease Y/N N
Tax Annual Amount 25472.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Sheepshead Bay
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 0059
Senior Community None
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ExteriorParking Features Off Street Detached
Condition Excellent
Lot Size Area 5800.0
Spa N
Building Area Total 5440.0
Lot Dimensions 32x68
Lot Size Acres 0.13
Lot Size Units Square Feet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 8
Street Suffix Road
Total Bedrooms 10
Electric On Property Y/N N
Total Baths 8
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* Excluded FeaturesList ByDitommaso Real EstateBroker
123goodhome@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,845
- Monthly Property Taxes
- $2,123
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,692,701
Percent of Sale Price 37%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1980392 Elementary School
1980393 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/30/2024 | $2,685,000 | | Listed Price |