2877 West 20th Street

Coney Island

$980,000
Last Sold Price
2
Beds
8
Baths
2,352 Sq. Ft.
$417 / Sq. Ft.
2,352
Sq. Ft.
$417
per Sq. Ft.

Description

Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 9,840.90 Programs Yearly $ 118,090.80 Income Gross Expense $ 19,147.00 CURRENT CAP RATE 9% huge backyard! New roof, Sprinkler system, Stairways & many other updates! On 20 ft x 117.58 ft Building size 20 ft x 55 ft...Coney Island Brick legal 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 9,840.90 Programs Yearly $ 118,090.80 Income Gross Expense $ 19,147.00 CURRENT CAP RATE 9% huge backyard! New roof, Sprinkler system, Stairways & many other updates! On 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: . Fully occupy with projected 8% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few blocks away -Near train , shopping off Neptune Avenue! Steps to beach! Huge price reduction from initial $1.490 Million Very well maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time

Amenities

  • Walk Up
  • Northern Exposure
  • Southern Exposure
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Pet Friendly
  • Pets Conditional

Location

Listing Courtesy of BRP Associates Inc

Sold By BRP Associates Inc

Add your commute
LISTING UPDATED: 04/04/2022 07:46 PM

Property Details for 2877 West 20th Street

StatusSold
MLS ID440352
Days on Market592
Taxes$9,314 / year
Common Charges-
Min. Down Pymt-
Total Rooms18.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1901
CountyKings County

Building

2877 W 20th St

8 Units2 StoriesBuilt in 1901

Location

Listing Courtesy of BRP Associates Inc

Sold By BRP Associates Inc

Add your commute

Building Information for 2877 West 20th Street

Building/Complex2877 W 20th StFloor-Stories2Residences8Pet Policy-Year Built1901Building Size20' x 55'Building Sq. Ft2,200 SF

Payment Calculator

$6,124 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,348

Property Taxes

$776

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2877 West 20th Street

Summary
Location and General Information
  • Block: 7019
  • Cross Street Name: Neptune Ave
  • Zoning: R5
  • Roof: Flat
  • Residential Features: Refrigerator, Stove, Other
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 9314.28
  • Gross Expense: 19147.0
  • Gross Income: $118,091.00
  • Miscellaneous Expense: 1240.0
Virtual Tour
  • Virtual Tour URL Branded: www.BrooklynRealProperty.com
Property
Lot Information
  • Yard: Back, Front
  • Lot Number: 55
  • Lot Size Irregular YN: No
  • Lot Size Length: 118
  • Lot Size Width: 20
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Hot Water Coil in Boiler
  • Utility Expense: 670.0
  • Fuel Expense: 3970.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full, Walk-in, Other
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 2
  • Baths Total Level: 3
  • Total Rooms: 18
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood
  • Unit Count: 8
  • Building Amenities: Storage rooms
  • Style: Other
  • Construction Materials: Brick
  • Electric: Circuit Breakers
  • Baths Total Level: 3
  • Beds Total Level: 0
  • Beds Total Level: 1
  • Beds Total Level: 1
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1100.0
  • Building Length: 55.0
  • Building Type: Detached
  • Building Width: 20.0
  • Rooms Total Level 1: 2
  • Rooms Total Level 2: 7
  • Rooms Total Level: 7
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1029.0
  • Unit Features: Heat Included, Oven/Range, RE Taxes, Refrigerator, Water Included
  • Unit Floor: 1
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 922.5
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 1
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1559.0
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 2
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1559.0
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 2
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 776.44
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 2
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1500.0
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 879.96
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Apt
  • Unit Current Rent: 1615.0
  • Unit Features: Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: Studio
Agent
Sale and Listing
  • Sale Type: Arm's Length
  • Selling Agent MUI: 2456005.0
Rental
Rental Information
  • Insurance Expense: 3100.0
  • Owner Occupied: No
  • Rent Income: 118091.0

Property History for 2877 West 20th Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2877 West 20th Street

Taxable ValueLand$5,850Additions$221,400Total$227,250
Home Facts
Total Finished SqFt2,200 SqFtLot Size2,351 SqFtYear Built1901ZoningR5APN3070190055

Schools near 2877 West 20th Street

This home is within Nyc Geog District #21 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 288 The Shirley Tanyhill
PublicPK to 8

Liberation Diploma Plus
Public9 to 12

Is 228 David A Boody
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Listing Courtesy of BRP Associates Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.