NYC - 48 UNIT BUILDING BENSONHURST BROOKLYN NYC FOR SALE – Asking 9Mil.

7920 19th Ave, Brooklyn, NY 11214

$10,000,000 After Repair Value -
$9,000,000 Asking Price -
$0 Cost of Repairs =
$1,000,000 Potential Profit

Property Details

Asking Price $9,000,000

After Repair Value $10,000,000

Costs of Repairs $0

Potential Profit $1,000,000

Living Area N/A

Property Type Unknown

Bedrooms 1

Bathrooms 1

Half Bathrooms 1

Parking 1

Listed with Agent Yes

Property Description

7920 19th Avenue located on the corner of 80th Street in the Bensonhurst area. Built in 1931, It sits on a 100 ft x 100 ft lot and is zoned R5(D1) offering approximately 48,000 square feet. The building features 6 two-bedroom units and 42 one-bedroom units and is fully stabilized. All heating, electrical and building amenities have been updated and are very well maintained, making this one of the best buildings this neighborhood has to offer.

7920 19th Avenue is located within walking distance to the D subway line on New Utrecht Ave, the B1 bus on 86th Street and the B9 bus on 18th along with X27 & X38 express busses to Manhattan, offering convenient access to Manhattan and other parts of the borough. The property sits just blocks away from an array of restaurants, retail, variety, grocery, and clothing stores along with other neighborhood amenities.

Bensonhurst is one of the most highly sought-after real estate markets for both retail and residential focused investors. As strong demand for residential units drives rents higher, this property offers an investor a unique opportunity to acquire a building from long-term, ownership with an extreme upside potential and a very low market price.

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