721 NEW JERSEY AVE, Brooklyn, NY 11207

3 Photos
 
$649,000 Sold Price
Sold on 9/28/2018
6 Beds
3 Baths
1992 SF
Built In 1910
 
Listing ID 10455627
Property Type House (Attached)
County Kings
Township Kings
Neighborhood Brownsville
Total Tax $1,667
Tax ID 3-4300-70
FEMA Flood Map fema.gov/portal
Year Built 1910
   
Virtual Tour

South Brooklyn Gem Produces Whopping Returns!

Brooklyn is on FIRE right now, and so is this investment home! This south Brooklyn Two Family with completed basement is ready to be part of your investment portfolio. Healthy proforma income of $5,850 a month (1st Fl. $2,000; 2nd Fl. $2,100; & Basement $1,750) gives this investment a "Whopping" 56% Return-On-Investment (ROI) and "Enlarged" 10.8% Internal Rate of Return (IRR) (if held for 5 yrs and then sold at 10% appreciation). Solid Renaissance Revival Brownstone with elaborate cornices and Renaissance-inspired ornaments gives this building real curb-appeal. Brand new Boiler. Outdoor activities include jogging at the lighted track, playing tennis, or taking kids to the playground at Linden Park which is two blocks away. Potential users have easy access to the new Gateway Center to the south with shopping at JCPenny, GAP, Pier 1 Imports, Lane Bryant, Best Buy, and Old Navy. LET'S MAKE A DEAL! Call Now for your Private Showing. Disclaimer: Proformas are simulated financial results. The results achieved in our simulations above are illustrative. We do not guarantee future investment results. Furthermore, there can be no assurance given that projected returns on an investment property will be achieved. Whereby, investment results may vary substantially from investment to investment.
Property Details
  • 6 Total Bedrooms
  • 3 Full Baths
  • 1992 SF
  • Built in 1910
  • Available 1/30/2018
  • Townhouse Style
Interior Features
  • Open Kitchen
  • Ceramic Tile Flooring
  • Gas Fuel
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Tar Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Deck
  • Fence
  • Near Bus
  • Near Train
Community Details
  • Brownstone (Bldg. Style)
Taxes and Fees
  • $1,667 City Tax
  • $1,667 Total Tax
Sale Information
  • Sold on 9/28/2018
  • Sold for $649,000
  • Buyer's Agent: Tremayne Craigg
  • Company: Charles Rutenberg Realty Inc
Previously Listed By
Alexander Jefferson
EREALTY ADVISORS INC
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