My Active Listings

$3,188,000
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Brooklyn Area

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176 28th Avenue Brooklyn, NY 11214

15 Bed
10 Baths
8975 sqft
MLS# 494101
Don’t miss this rare opportunity to own a fully detached brick 9-family building in the highly sought-after Bath Beach neighborhood of Brooklyn. This remarkable investment sits on a spacious 72.08 ft x 96.67 ft lot and boasts a generous building size of 53 ft x 57 ft, complete with eight designated parking spaces for both residents and the on-site commercial unit. The property consists of six large 2-bedroom, 1-bath units (each approximately 1,000 sq ft) and three well-maintained 1-bedroom, 1-bath units (around 700 sq ft). Of the nine apartments, seven are free-market, offering strong rental flexibility, while only two are rent-stabilized. The current configuration brings in a solid gross annual income of $235,649.76, with operating expenses at $87,960, yielding a CAP rate of approximately 4.6%. However, the property still has untapped potential, with the ability to increase rents and projected returns reaching 5.5%+ for the next investor or owner-user. Additional features include a live-in superintendent, recent upgrades to the boiler and heating system, and ongoing maintenance that has kept the building in good and fair condition. The ground-floor office space is also available for lease, presenting an excellent opportunity for a medical office, daycare, or other professional use. This is a compelling investment with strong cash flow and value-add potential in a prime Brooklyn location. Act quickly—opportunities like this won’t last!
Listing Courtesy of BROOKLYN / Century 21 Realty First / Karla Ng Mok
$1,700,000
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Brooklyn Area

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1746 Bay Ridge Ave Brooklyn, NY 11204

3 Bed
3 Baths
1482 sqft
MLS# 478752
Introducing a one-of-a-kind brick two-family house currently used as a single-family seating in the heart of Bensonhurst with a Building size of 20x40 and a 20x100 lot. The first floor welcomes you with a spacious living room, seamlessly connected to a kitchen alley adorned with custom marble countertops and equipped with the latest appliances. A 3/4 bathroom, meticulously renovated with high-quality materials adding a touch of elegance. The first floor also provides convenient access to the backyard creating an ideal space for outdoor gatherings. As for the second floor, you'll find two bedrooms, complemented by a walk-in closet and another exquisitely renovated 3/4 bathroom, featuring two skylights that flood the space with natural light as well as an outstanding ceiling height of about 10 feet or more. The potential for expansion is apparent, as the two bedrooms on this floor can easily be converted into four. The fully finished basement consists of a bedroom, a 3/4 bathroom, a storage, a separate entrance, and an easy access to the backyard. The house is adorned with fine ceramic floors on the basement and first floor and hardwood floor throughout the second floor. Both the basement and first floor boast impressive ceiling heights of 9 feet or more providing comfort and ample space. Recently renovated using high-end materials, the property features central air conditioning, split units, a brand-new boiler, and water heater. A carport garage adds convenience, completing the package of this meticulously crafted residence, ready to be your dream home. Few mins away from supermarkets, shopping, restaurants, as well as the transportation such as the B8, N Train Station, and D train Station. This property is a great opportunity for an end user or investor who is looking to not spend money or time on renovation. Won't last!
Listing Courtesy of BROOKLYN / Century 21 Realty First / Karla Ng Mok