490 19th Street
Windsor Terrace | 8th Av & Prospect Park West
Rooms
4
Bedrooms
3
Bathrooms
2
Status
Active
Available
Immediately
ASF/ASM
2,400/223
Property Description
Located just steps from Prospect Park in prime, this beautifully maintained 9-unit multifamily building offering strong in-place income and long-term upside. The property includes six free market and three rent-stabilized units, featuring a mix of one- and two-bedroom layouts ranging from approx. 550 to 1,000 sq ft. All apartments have been recently renovated and are in excellent condition. Current gross monthly income is $33,350, or over $400K annually. With reported annual expenses adjusted for recent capital improvements, the projected NOI exceeds 500k, resulting in a higher cap rate. This turnkey asset is ideal for investors seeking stable returns in a high-demand Brooklyn neighborhood, near Prospect Park, top schools, shopping, dining, and transportation
Located just steps from Prospect Park in prime, this beautifully maintained 9-unit multifamily building offering strong in-place income and long-term upside. The property includes six free market and three rent-stabilized units, featuring a mix of one- and two-bedroom layouts ranging from approx. 550 to 1,000 sq ft. All apartments have been recently renovated and are in excellent condition. Current gross monthly income is $33,350, or over $400K annually. With reported annual expenses adjusted for recent capital improvements, the projected NOI exceeds 500k, resulting in a higher cap rate. This turnkey asset is ideal for investors seeking stable returns in a high-demand Brooklyn neighborhood, near Prospect Park, top schools, shopping, dining, and transportation
Listing Courtesy of Pen Realty LLC
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Apartment Features
A/C [Window Units]
Triplex
Building Details [490 19th Street]
Ownership
Multi-Family
Block/Lot
888/32
Year Built
1915
Floors
2
Lot Size
16'x100'
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: 493274