32 Fountain Avenue

East New York

$2,195,000
Price
14
Beds
7
Baths
6,713 Sq. Ft.
$327 / Sq. Ft.
6,713
Sq. Ft.
$327
per Sq. Ft.

Description

Introducing this money maker building with Cap rate of 7%, year built 2018, this is fully detached brick and stucco new construction building comprising of 7 free market rental units with 5 parking spots! The building is fully tenants occupied, and is approximately 6,713 square feet. The apartment room counts are as follows: One 3 bedroom unit. Three 2 bedroom units. Three 1 bedroom units. All of the apartments are fully renovated with modern appliances and finishes, including their own Fujitsu split...Introducing this money maker building with Cap rate of 7%, year built 2018, this is fully detached brick and stucco new construction building comprising of 7 free market rental units with 5 parking spots! The building is fully tenants occupied, and is approximately 6,713 square feet. The apartment room counts are as follows: One 3 bedroom unit. Three 2 bedroom units. Three 1 bedroom units. All of the apartments are fully renovated with modern appliances and finishes, including their own Fujitsu split HVAC system, hardwood floors, dishwashers, granite counter tops, oven, bathtubs, walk-in closets, double pane windows, intercoms, and much more. Building is conveniently located near the A and J trains, buses, the Highland Park Community Garden, banks, grocery stores, deli's bars, movie theaters, pharmacies, restaurants, and other desirable services. Full rent roll breakdowns and expenses will be provided for interested parties. Can't miss the opportunity to own a building which is NOT RENT- STABIILIZED!
  1. Listed by Jian Yang (Carey) • Exit Realty Professionals • 5 Spaces,Parking Area
  2. Listed by Rui (Nancy) L Wu • Exit Realty Professionals

Amenities

  • Common Roof Deck
  • Hardwood Floors
  • Walk Up
  • Air Conditioning
  • Dishwasher
  • Walk-in Closet
  • Video Intercom
  • Private Outdoor Space

Location

Listing Courtesy of Exit Realty Professionals
Add your commute
LISTING UPDATED: 03/28/2024 07:41 PM

Property Details for 32 Fountain Avenue

StatusActive
MLS ID479616
Days on Market90
Taxes$46,470 / year
Maintenance-
Min. Down Pymt-
Total Rooms28.0
Compass TypeTownhouse
MLS TypeResidential
Year Built-
Lot Size5,000 SF / 50' x 100'
CountyKings County

Building

Location

Listing Courtesy of Exit Realty Professionals
Add your commute

Building Information for 32 Fountain Avenue

Stories-Residences7Year Built-Building Size0' x 0'Lot Size5,000 SF / 50' x 100'Building AgeNew DevelopmentBuilding TypeTownhouse

Payment Calculator

$15,852 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,979

Property Taxes

$3,873

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 32 Fountain Avenue

Summary
Location and General Information
  • Block: 4154
  • Cross Street Name: Atlantic Ave
  • Cross Street Name: Liberty Ave
  • Zoning: R5b
  • Roof: Flat
  • Water Front Present YN: No
  • Residential Features: Central Air
  • Number Of Vacant Units: 0
Parking
  • Parking Attributes: 5 Spaces, Parking Area
  • Parking Feature Single: Private Drive
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 46470.0
  • Gross Expense: 53920.0
  • Gross Income: $215,160.00
  • Cap Rate: .07%
Property
Lot Information
  • Sq Ft Total: 6713
  • Yard: Back, Fenced - Full
  • Lot Number: 61
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 50
Utilities
  • Heat Delivery: Hot Air
  • Heating Fuel: Electric
  • AC Units: 5+
  • Hot Water: Electric
  • Utility Expense: 750.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Other
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 2
  • Baths Total Level: 2
  • Total Rooms: 28
  • Foundation Details: Other
  • Flooring: Hardwood
  • Unit Count: 1
  • Building Amenities: Door – Intercom
  • Number Of Available Units: 0
  • Style: High Ranch
  • Construction Materials: Brick
  • Electric: 110 V, Circuit Breakers
  • Baths Total Level: 3
  • Beds Total Level: 4
  • Beds Total Level: 5
  • Beds Total Level: 3
Exterior Features
  • Exterior: Stucco
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Type: Detached
  • Rooms Total Level 1: 8
  • Rooms Total Level 2: 9
  • Rooms Total Level: 9
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2271.0
  • Unit Features: Oven/Range
  • Unit Floor: 1A
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 161240.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3000.0
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: Yes
  • Rent Income: 1575.0

Property History for 32 Fountain Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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

Public Records for 32 Fountain Avenue

Taxable ValueLand$130,500Additions$241,200Total$371,700
Home Facts
Total Finished SqFt6,713 SqFtLot Size4,999 SqFtYear Built2018ZoningR5BAPN3041540061

Schools near 32 Fountain Avenue

This home is within Nyc Geog District #19 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 345 Patrolman Robert Bolden
PublicPK to 5

Liberty Avenue Middle School
Public6 to 8

Vista Academy
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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32 Fountain Avenue is a townhouse for sale in East New York. This property was listed for sale on January 31, 2024 by Exit Realty Professionals, it's currently listed at $2,195,000. It has been on the market for a total of 90 days and was last sold on October 28, 2022. This listing's school district is Nyc Geog District #19 - Brooklyn. Nearby schools include P.S. 345 Patrolman Robert Bolden, Liberty Avenue Middle School and Transit Tech Career and Technical Education High School. 32 Fountain Avenue is a 14-bed, 7-bath, 6,713 sqft townhouse.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Realty Professionals

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.