1111 Sheepshead Bay Road, Brooklyn, NY

About 1111 Sheepshead Bay Road

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!

Listing Map