Brooklyn, NY 11220 543 49th Street # 8

Presenting an 8-unit multifamily brick building comprised of 8 two-bedroom apartments. The property is located between 5th Avenue and 6th Avenue in the Sunset Park section of Brooklyn. The subject property stands 4 stories, was built in 1910, and measures 25 feet wide by 69 feet deep on a lot that extends 100.17 feet deep. The property is zoned R6B. The subject property is located minutes away from the 53rd and 45th Street Train Station [N, R and W], providing easy access to Manhattan and the rest of Brooklyn. Long-term ownership and well maintained. First time on market in 35+ years. Attractive protective tax class 2B with restricted property tax increases. Four of the eight units are operating on a preferential rent with significant room to bring to legal rent upon vacancy/turn over. Great investment property opportunity. NOI of $102,000 selling at a 5.73% cap Rate