For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,000,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 5,390 sqft
Price per Sqft $185
Subdivision St. George
MLS Listing ID RLS10756533
Sold Date 02/17/22
Style Prewar
Bedrooms 10
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 1930
Property Sub-Type Single Family Residence
Property Description
Opportunity awaits. 9-11 Saint Marks Place is your chance to establish passive income. This 19th-century beauty is sprawling with old-world charm-12 foot ceilings, original woodwork and is a total cash cow! This home is situated on almost 9,000 square feet and generates (gross income) $83,550 annually. Expenses are only $27,496.72 annually - netting the current landlord $56,053.28 annually. Potential for a 6.9% cap rate if rents are raised to fair-market value. This home is located in an ''Opportunity Zone'' - great for the ''1031-ers''! Your chance to own a home in the prestigious neighborhood of St. George is here. Invest now while this area is being developed, and you will be glad you did! Call for an appointment to take a tour today.
Location
State NY
County Richmond
Building Detail https://bhre.com/nyc/buildings/9-11-st-marks-pl?listingId=1080148905&sold-listing=true
Interior
Fireplace No
Exterior
Exterior Feature Garden
Private Pool No
Building
Story 3
Others
Pets Allowed Pets Allowed
Pets Allowed Building Yes, Yes
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
RLS Data display by Brooklyn Heights Real Estate