234 92 StBROWNSVILLE, NY 11212

For Sale
$1,388,888

Renovated 3-family, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 234 E. 92ND ST., Brownsville, NY 11212, presents a lucrative investment opportunity. The completely renovated 2,500 square foot building boasts three distinct rental units: a one-bedroom, a two-bedroom, and a three-bedroom apartment. Each unit features brand new kitchens and bathrooms, updated electrical and plumbing systems, and individual heating and cooling units. The property also includes a fully finished walkout basement with ample headroom, accessible from both the backyard and hallway. Recent upgrades include a new roof, a new garage door, and new flooring throughout. A significant advantage is the presence of paid-off solar panels, contributing to energy efficiency and cost savings. The building generates a substantial annual rental income of $90,000, with individual unit rents at $1700, $2300, and $3500 respectively. Tenants are responsible for all utilities. This prime location, adjacent to Crown Heights/East Flatbush, offers excellent potential for strong rental demand and future appreciation. The asking price for this turnkey investment property is $1,388,888. This is a rare opportunity to acquire a meticulously maintained, high-yielding property in a rapidly developing area.

Highlights

  • Asking Price: $1,388,888
  • Mixed-use property totaling 2,500 square feet
  • Three-family building with three renovated units (1-bedroom, 2-bedroom, and 3-bedroom) in Brownsville, NY
  • Features new kitchens, bathrooms, electric, plumbing, roof, garage door, and solar panels (paid off)
  • $90,000 annual rental income with tenants paying all utilities.

Location Insight

City
BROWNSVILLE
County
36047
State
New York
Latitude
40.6596423
Longitude
-73.9253389
234 92 St, BROWNSVILLE, New York

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234 92 St
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