89 East 46th Street
89 East 46th Street
Sold 8/6/19
Sold 8/6/19
Description
The property is 3,600 sq ft, containing 3 fully renovated residential...Beyond Capital is excited to present the disposition of 89 East 46th Street, a three family which is currently occupied but can be delivered vacant. The strong demand for sales and rentals continues to drive the residential market in East Flatbush, offering investors and/or developers the opportunity to acquire an asset with considerable long-term upside as either a long term rental property or condominium conversion in the coming years.
The property is 3,600 sq ft, containing 3 fully renovated residential units, each having a 3 three-bedroom layout, with a common laundry room for tenants in the basement and two parking spots. The first floor apartment also has a basement unit that is currently being rented. The potential to duplex the basement and the first floor must be consulted with an Architect.
The property is a 20’ x 100’ lot with R6 zoning and includes 1,260 sq ft of air rights for expansion. The building was constructed in 2006 and has been renovated within the last few years.
The property is perfectly situated within walking distance to three major hospitals and 12+ medical facilities within a 7 mile radius creating a high demand for housing.
The subject property offers an existing rent roll in place with medical and business professionals currently living on a month to month lease with the intent to do an annual lease.
The property is close to all transportation. Walking distance to the Kingsbrook, Kings County & SUNY Downstate Medical Centers.
Current CAP rate is 6.21%.
Total annual net income is $90,110.44
Setup available upon request.
Minimum 24 hours notice needed to show.
Amenities
- Hardwood Floors
- Walk Up
- Washer / Dryer in Unit
- Laundry in Building
- Breakfast Bar
- Basement
- Common Laundry
- Back Yard
Location
Property Details for 89 East 46th Street
| Status | Sold |
|---|---|
| Days on Market | 143 |
| Taxes | $8,682 / month |
| Maintenance | $1,500 / month |
| Min. Down Pymt | 20% |
| Total Rooms | 20.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 2006 |
| Lot Size | 2,000 SF / 20' x 100' |
| County | Kings County |
Building
89 E 46th St
Location
Building Information for 89 East 46th Street
Payment Calculator
$17,550 per month
30 year fixed, 7.25% Interest
$7,368
$8,682
$1,500
Property History for 89 East 46th Street
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 89 East 46th Street
Schools near 89 East 46th Street
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. 268 Emma Lazarus PublicPK to 5 | ||
Middle School Of Marketing And Legal Studies Public6 to 8 | ||
East Brooklyn Community High School Public9 to 12 | ||
Middle School of Media Law and Fine Arts (The) 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.
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