$840,000
$859,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
705 Schenck Avenue #* Brooklyn, NY 11207
6 Beds
5 Baths
1,785 SqFt
Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,785 sqft
Price per Sqft $470
Subdivision New Lots
MLS Listing ID RLMX-03823003240557
Sold Date 07/16/20
Bedrooms 6
Full Baths 5
HOA Y/N No
Property Description
We can arrange direct showings for serious buyers. Walkthrough video: https://youtu.be/TEo2oxkfw9w
Turnkey investment with an above average 7% cap rate, or make this your home and earn rental income.
Move-in ready, two-family home. 3 bed/2 bath over a 3 bed/3 bath duplex, totaling 1785 usable SF. This is a 17' x 35' freestanding house on a 20' x 100' lot with 1,380 SF unused FAR.
The home was fully gutted in 2017 including new plumbing, heating, roofing, and electrical. Both units feature modern kitchens and bathrooms, large closets, bamboo hardwood flooring,and recessed lighting. The finished basement has two private entrances and full bath. When you want to grill or garden, enjoy another 800 SF of outdoor space; have your choice of the garden patio, fenced backyard or balcony with French doors.
With these low taxes, record-low mortgage rates, and a high demand of rentals, this is a low-risk & high-return purchase. Investors: enjoy $64,000 in immediate rental income for a 7% cap rate. Owner-occupants: move in to your apartment of choice and offset your mortgage with rental income.
East New York is a thriving market, and this property is conveniently situated in the middle of its best. Reach Manhattan in 30 minutes, after just 5 minutes to the3 subway or further to the L. For a nature-loving day, drive 10 minutes to the new 407-acre Shirley Chisholm State Park or any of the other parks and piers. On the way, stop at the Gateway Center mega-plaza for shopping & restaurant (calling Target lovers!). Or there are grocery stores, schools and parks around the block. Need a vacation? JFK Airport is 15 minutes away. This area is appreciating quickly.
Contact agent today for private & virtual tours, and more information.
Location
State NY
County Kings
Building Detail https://giampaoloienna.com/nyc/buildings/705-schenck-ave?listingId=1059506333&sold-listing=true
Interior
Interior Features Eat-in Kitchen
Fireplace No
Exterior
Exterior Feature Balcony, Garden
Porch Building Patio, Patio, Balcony
Private Pool No
Building
Story 2
Others
Pets Description Building No, No
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