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  2. 2227 83rd Street
  • 2227 83rd Street
  • $ 4,999,000
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214

2227 83rd Street

Bensonhurst

Price Drop
Building For Sale
$ 4,999,000 [ 9.11% | $ -501,000 ]
Ownership Multi-Family
Lot Size 60'x100'
Status Active
Real Estate Taxes [Per Annum] $ 64,428
Building Size 60'x77'
Year Built 1931
ASF/ASM 18,480/1,717
 

Photos

2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
2227 83rd Street Bensonhurst Brooklyn NY 11214

Property Description

A Prime Investment Opportunity in Bensonhurst – Oversized 19-Family Building. Located in the heart of Bensonhurst, one of Brooklyn’s most sought-after neighborhoods, this fully detached 19-family building is a rare find. Situated on an oversized 60’ x 100’ lot with a 60’ x 77’ building size, this property offers exceptional space and income potential. The unit mix includes 14 spacious one-bedroom apartments and 5 well-designed two-bedroom apartments. This well-maintained building features an 8-year-old roof, a new heating and hot water boiler, and 19 gas meters that are separately metered for tenants’ convenience. The basement storage generates an additional $3,000 per month in income. A recently installed backflow prevention water clock system, valued at $22,000, ensures smooth operation and complies with all inspections. Additionally, 15 kitchens have been newly renovated with modern interiors, while 4 other units remain in excellent condition. The building also offers full camera surveillance for added security, making it a turnkey, hassle-free investment. Located in an excellent Bensonhurst neighborhood, the property is situated near the Belt Parkway and the D Train subway line, offering easy access to transportation. It is also just a short distance from 86th Street shopping, where numerous shops, restaurants, and amenities await. Financially, the property boasts an impressive annual income of $394,500 against annual expenses of $119,328, providing a solid 5.5% cap rate. The seller is offering owner financing with 50% down at a competitive 5% interest rate and a 10-year balloon payment, presenting a unique opportunity to secure a high-income property with flexible terms. Whether you’re planning for long-term investment growth or seeking a high-performing asset, this building is a smart and strategic choice.
A Prime Investment Opportunity in Bensonhurst – Oversized 19-Family Building. Located in the heart of Bensonhurst, one of Brooklyn’s most sought-after neighborhoods, this fully detached 19-family building is a rare find. Situated on an oversized 60’ x 100’ lot with a 60’ x 77’ building size, this property offers exceptional space and income potential. The unit mix includes 14 spacious one-bedroom apartments and 5 well-designed two-bedroom apartments. This well-maintained building features an 8-year-old roof, a new heating and hot water boiler, and 19 gas meters that are separately metered for tenants’ convenience. The basement storage generates an additional $3,000 per month in income. A recently installed backflow prevention water clock system, valued at $22,000, ensures smooth operation and complies with all inspections. Additionally, 15 kitchens have been newly renovated with modern interiors, while 4 other units remain in excellent condition. The building also offers full camera surveillance for added security, making it a turnkey, hassle-free investment. Located in an excellent Bensonhurst neighborhood, the property is situated near the Belt Parkway and the D Train subway line, offering easy access to transportation. It is also just a short distance from 86th Street shopping, where numerous shops, restaurants, and amenities await. Financially, the property boasts an impressive annual income of $394,500 against annual expenses of $119,328, providing a solid 5.5% cap rate. The seller is offering owner financing with 50% down at a competitive 5% interest rate and a 10-year balloon payment, presenting a unique opportunity to secure a high-income property with flexible terms. Whether you’re planning for long-term investment growth or seeking a high-performing asset, this building is a smart and strategic choice.

Listing Courtesy of RE/MAX Edge

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Private Entrance
2227 83rd Street Bensonhurst Brooklyn NY 11214
2227 83rd Street Bensonhurst Brooklyn NY 11214

Building Details [2227 83rd Street]

Ownership Multi-Family
Service Level Attended Lobby
Block/Lot 6319/66
Building Size 60'x77'
Year Built 1931
Floors 4
Lot Size 60'x100'

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Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 490453