8 family building in Sunset Park, Brooklyn, for 1.230.000

???? 453 42nd Street, Sunset Park, Brooklyn, NY 11232

Property Type: Multi-Family Walk-Up | Building Class: C1 | Zoning: R6B
Offering Type: Contract Flip

???? Location

Prime location in Sunset Park, Brooklyn, between 4th and 5th Avenues.

Excellent neighborhood with proximity to public transportation, shopping, dining, and Sunset Park itself.

???? Building Overview
Attribute    Details
Year Built    1914
Stories    4 floors
Total Units    8 residential apartments (2 per floor)
Layout    All units are 2-bedroom railroad-style layouts
Construction    Brick façade, flat roof
Building Dimensions    ~27 ft x 65 ft
Lot Size    ~27 ft x 100 ft (~2,671 sq ft)
Building Area    ~6,668 sq ft (some sources ~6,934 sq ft)
Basement    Unfinished, walk-out access, separate entrance
Utilities    8 separate gas/electric meters; natural gas heat
Recent Upgrades    New roof, 2 new water heaters
Features    Backyard, hallway skylight, fireplaces in some units
???? Unit Mix & Current Rents
Unit    Bedrooms    Monthly Rent    Notes
1L    2 BR    $1,400    Owner’s unit (deceased owner’s son occupying)
1R    2 BR    $209    Rent-controlled unit
2L    2 BR    $1,400    Rent-stabilized
2R    2 BR    $741.47    Rent-stabilized
3R    2 BR    $1,255    Rent-stabilized
3L    2 BR    $1,400    Rent-stabilized
4L    2 BR    $1,300    Rent-stabilized
4R    2 BR    $1,450    Rent-stabilized

Total Monthly Income: $9,396.47
Annual Rent Roll: $112,757.64

???? Operating Financials (Annual)
Expense Category    Annual Cost
Property Taxes (Acris verified)    $15,353.00
Property Insurance    $5,418.00
Water Bill    $6,495.00
Oil Bill (Heat)    $4,594.55
Electric    $893.00
Total Expenses    $27,406.55

Net Operating Income (NOI): $80,017.09

???? Investment Highlights

8-family brick walk-up in a high-demand neighborhood.

1 Rent-Controlled Unit; remainder are rent-stabilized with potential upside.

Strong in-place income: Over $112K annual rent roll with potential for growth.

Well-maintained structure with recent roof replacement and water heater upgrades.

Large 2-bedroom units (~830 sq ft each) provide long-term tenant stability.

Attractive for value-add or buy-and-hold investors.