529 51st St, Brooklyn, NY 11220

Ideal Investment Building, Sunset Park location near Fifth Avenue shopping, Fourth Avenue subway (R line), buses and highway with easy access to New York City. The building is 25 ft. wide 83 ft. deep, four floors plus walk-in, on 25 x 100 lot, all brick, immaculate both in and out. Nine apartments: 3 units are five rooms/3 bedrooms each, and 6 units are four rooms/2 bedrooms each. Great opportunity for 1031 Exchange buyer or individual property manager to occupy and build up an investment portfolio. Current rent roll ($146,100 gross) and expenses (approx. $42,800) offer $103,285 NOI for a 4 % ROI with lots of room for improvement (current apartment rent average is $1,350.)