BACK ON MARKET!! Deal fell through. Another opportunity for developers and investors!!! First time on market! Don't miss the chance to own this rare find commercial zoning district building 1314 44th Street (25x75 on 25x100.17 lot) which is the second building from 13 Ave commercial center. GREAT location in the heart of Boro-Park. High traffic area. Money maker solid brick 6 family building plus full basement with separate front , side & back entrances. Several apartments have been re-modernized in recent years. New electricity and gas meters for each apartments. Rubber roof in excellent condition. Windows in every room to bring a lot of natural sunlight and fresh air. Each apartment has 2 bedrooms, living room, open concept dining/kitchen combo. Current rent is $1800 for each rented unit. 2 units will be delivered vacant at closing. Current rent roll is $136,800 a year. Over 5% Cap rate. Projected rent roll is $151,200 and up. Projected Cap Rate is at least 5.87%. The annual property tax is only $14,970. This is an amazing well kept property with tremendous potentials that is ideal for investors or end users. Property zoning C4-3 allows the entire building be transformed into commercial, day care, school, worship, community facility...... plus additional air rights. Commercial FAR is 3.4, meaning can build 8514 sqft commercial facility.( Please verify with architect). 5 stars school district. Close to Fort Hamilton Pkwy D train station. It's a real gem that you can't miss.

Building type: Semi-Detached

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A/C Unit - Window

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1314 44th St, Brooklyn, NY 11219

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