Welcome to this oversized 3-family gem sitting proudly on a spacious lot and packed with income-generating potential! This solid-brick home features a full semi-finished basement with soaring ceilings, oversized windows, a full bath, and its own private entrance/exit — ideal for future conversion or additional rental income.
Unit 2A & 2B: (Two) 2BR / 1BA apartments | Current FMV: $3,058/mo each
Gross Potential from Units Alone: $10,227/mo – $122,724/year
But that’s not all. This property comes with: A rented workshop Three rented storage units Driveway parking for 3–4 cars – also rentable for extra income!
Each unit has its own boiler, meaning tenants pay all utilities (electric, gas, heat, hot water). The owner's only expenses are below:
Taxes: $13,500/year
Hallway electric: $240/year
Insurance: $3,500/year
Total expenses: just $17,240/year
Current Rent Roll:
4BR Unit: $3,000/mo
2BR Units: $2,250/mo each
Gross: $94,200/year (with under-market rents!)
Net: $79,960/year | 7% CAP rate
With just modest rent increases to market value, this property can net $109,384/year, pushing your CAP rate up to 10%. That’s real investor math.
Options Galore:
Live in one unit and rent the rest
Hold for cash flow
Raise rents for upside
Delivered vacant or occupied — your choice Perfect for: Investors House hackers 1031 buyers Anyone looking for strong cash flow and long-term upside in a high-demand rental market
Opportunities like this don’t last. Reach out today to secure this true income-producing asset before it’s gone!
Listed by Maliki Cottrell
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Shaw Properties
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718-313-3004
Last updated August 02, 2025
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Source: OneKey #895962
Listing Facts
TypeMulti-family
NeighborhoodAshburton
Bedrooms8
Bathrooms4
Days on Prevu36
Taxes$13,500/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
08/01/2025
Listed by Shaw Properties
$1,100,000
Property Details for Undisclosed Address #895962
Exterior
Construction
Number Of Units Total: 3
Year Built: 1918
Architectural Style: Other
Construction Materials: Brick
Measurements
Building Area Total: 3,750
Building Area Units: Square Feet
Financial
Residential Income
Cap Rate: 7.0
Gross Income: $94,200.00
Operating Expense: $17,240.00
Taxes
Tax Annual Amount: $13,500.00
Tax Year: 2023
Interior
Features
Flooring: Hardwood, Laminate
Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Galley Type Kitchen, Pantry, Washer/Dryer Hookup
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water Source: Public
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