325 37th St Brooklyn, NY 11232
Greenwood Heights Neighborhood
14
Beds
7
Baths
3,650
Sq Ft
2,178
Sq Ft Lot
Highlights
- Wood Flooring
- 3-minute walk to 36 Street (D,M,N,R Line)
- Community Storage Space
- Multiple cooling system units
- Heating System Uses Steam
- 4-minute walk to D'emic Playground
About This Home
As of February 2025A prime investment opportunity in the heart of Sunset Park, Brooklyn. This semi-detached, 6 family building offers substantial income potential with its impressive layout and strategic location. The building spans 22 x 55 feet on a 22 x 100 feet lot, providing a solid structure with spacious units. Additionally, there is a legal cellar studio basement apartment, which increases the potential of this excellent piece of investment. All apartments are currently rented at market rates, ensuring consistent cash flow. The property boasts an annual gross rental income of $131,616, with manageable expenses of approximately $24,096. This results in a strong net rental income of $107,520 and a desirable cap rate of 8.4%. Located near a variety of other local shops, Costco, Industry City, and conveniently close to the 36th St N, D, and R train station, this property offers tenants easy access to transportation and amenities. Whether you're an experienced investor or looking to expand your portfolio, this is an exceptional opportunity to own a valuable asset in one of Brooklyn's most sought-after neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,996
Year Built
- Built in 1931
Lot Details
- Lot Dimensions are 100 x 22
- Back and Front Yard
Home Design
- Stone Foundation
- Slab Foundation
- Rubber Roof
- Masonry
Interior Spaces
- 3-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 14 Bedrooms
- 7 Full Bathrooms
Utilities
- Multiple cooling system units
- Heating System Uses Steam
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Block 696
Community Details
Building Details
- Fuel Expense $2,000
- Insurance Expense $7,000
- Utility Expense $1,100
- Gross Income $131,616
- Net Operating Income $107,520
Additional Features
- 6 Units
- Community Storage Space
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2025 02/25/25 | Sold | $1,280,000 | 0.0% | $351 / Sq Ft |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | For Sale | $1,280,000 | -- | $351 / Sq Ft |
Source: Brooklyn Board of REALTORS®
Similar Homes in the area
Source: Brooklyn Board of REALTORS®
MLS Number: 485243
APN: 00696-0057
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