2906 Fort Hamilton Pky
Brooklyn, NY 11218
Multifamily Property For Sale · 5 Units

The property, a brick three story walk-up, has five units consisting of (1) 3 bedroom, (2) 2 bedrooms, (2) 1 bedroom units with a full basement being rented for storage. There is a shared driveway giving access to approx. two parking spots located in the rear. The building is located on a main thoroughfare, walking distance to transportation, shopping, schools, libraries and worship. The current tenant occupies the entire building for over 30 years and is responsible for all expenses related to the building, excluding structural repairs etc. The current lease is month to month and the Tenant is willing to renew the leases on an annual basis or a 5-year term in the future. The investment is excellent for a current rate of return or a prime candidate for a condo conversion. The building is a not a multiple dwelling, protected by the RSA (Rent Stabilization Association) guidelines, therefore allows the Landlord the ability to increase rents. Since building is fully occupied, pre-approval / proof of funds is required along with a bona fide offer “subject to viewing” for all showings.