REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,599,000
Est. payment /mo
Open Sat 2PM-3PM
414 48th ST Brooklyn, NY 11220
7 Beds
3 Baths
2,700 SqFt
Open House
Sat May 09, 2:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $592
MLS Listing ID 501143
Bedrooms 7
Full Baths 3
Year Built 1910
Annual Tax Amount $5,246
Property Sub-Type Multi-Family
Property Description
Welcome to 414 48th Street, a well-maintained semi-detached 3-family brick property located in the heart of Sunset Park, one of Brooklyn's most vibrant and high-demand neighborhoods. Situated between 4th and 5th Avenue, this property offers exceptional accessibility and convenience, just minutes from the N, R, and D subway lines, major bus routes, and close proximity to Industry City, a rapidly growing hub for retail, dining, and creative workspaces. The area is known for strong rental demand, diverse amenities, and continued long-term growth.
The property features approximately 2,700 square feet of interior space on a 20 x 100 lot, with three full residential units configured as two 2-bedroom units and one 3-bedroom unit. All units are currently occupied on a month-to-month basis, providing flexibility for both investors and end-users. The current rent roll reflects stable income, with potential for repositioning or adjustments over time depending on the buyer's strategy.
The building is constructed of solid brick with a full semi-finished basement, offering additional usable space. Heating is gas with steam radiators, and the property includes standard mechanical systems with separate living areas. Annual property taxes remain relatively low at approximately $5,246, contributing to overall operating efficiency.
This offering presents a unique opportunity for buyers seeking a stable income-producing asset in a prime Brooklyn location, with the added benefit of flexible tenancy. Ideal for investors looking for long-term hold in a high-demand rental corridor, or for end-users seeking to occupy while maintaining supplemental income.
The property features approximately 2,700 square feet of interior space on a 20 x 100 lot, with three full residential units configured as two 2-bedroom units and one 3-bedroom unit. All units are currently occupied on a month-to-month basis, providing flexibility for both investors and end-users. The current rent roll reflects stable income, with potential for repositioning or adjustments over time depending on the buyer's strategy.
The building is constructed of solid brick with a full semi-finished basement, offering additional usable space. Heating is gas with steam radiators, and the property includes standard mechanical systems with separate living areas. Annual property taxes remain relatively low at approximately $5,246, contributing to overall operating efficiency.
This offering presents a unique opportunity for buyers seeking a stable income-producing asset in a prime Brooklyn location, with the added benefit of flexible tenancy. Ideal for investors looking for long-term hold in a high-demand rental corridor, or for end-users seeking to occupy while maintaining supplemental income.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R6B
Rooms
Basement Full, Semi-Finished
Interior
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing Bank Mortgage,Cash
Listed by Tiger Realty
Nearby Locations