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550 E 88th Street

BROOKLYN, NY 11236
  • $1,059,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 487543
UPDATED: 59 min ago
$1,059,000
  • 5
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,859
    SQFT
  • $370
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
Area:

School Ratings & Info

Description

This amazing solid brick, renovated and meticulously well maintained two family dwellings, located on a quiet block, near BJ's, countless convenient shops, L train and Bus stops. This gem offers a blend of all stainless steel appliances, new windows, new hot water heater, hard wood floorings throughout, granite countertops and some modern light fixtures. Top floor features large three bedrooms, massive Living room, eat-in kitchen, full bath and modern ceiling lights and lots of closets. Middle floor offers a front deck, huge two bedrooms, spacious living room, eat-in-kitchen, full bath, contemporary light fixtures and ample closets, also a brand new, walk-in and completely finished Lower level which has many spectacular features which includes two rooms, a brand new full bath, EIK & LR. Not to mention a built-in front garage plus a driveway, and a fully enclosed backyard for your private entertaining. EGI: $86,400; GE: $14,750; NOI: $71,650; Cap rate: 6.8%A must see to believe!!!Please, do not disturb any of the tenants!

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© 2025 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2025-01-16T14:00:37.11.
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550 E 88th Street BROOKLYN, NY 11236

  • Price: $1,059,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 59 min ago
  • MLS #: 487543
5
Beds
3
Baths
0
½ Baths
0.05
Acres
2,859
SQFT
$370
$/SQFT
1965
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Canarsie
Property Description
This amazing solid brick, renovated and meticulously well maintained two family dwellings, located on a quiet block, near BJ's, countless convenient shops, L train and Bus stops. This gem offers a blend of all stainless steel appliances, new windows, new hot water heater, hard wood floorings throughout, granite countertops and some modern light fixtures. Top floor features large three bedrooms, massive Living room, eat-in kitchen, full bath and modern ceiling lights and lots of closets. Middle floor offers a front deck, huge two bedrooms, spacious living room, eat-in-kitchen, full bath, contemporary light fixtures and ample closets, also a brand new, walk-in and completely finished Lower level which has many spectacular features which includes two rooms, a brand new full bath, EIK & LR. Not to mention a built-in front garage plus a driveway, and a fully enclosed backyard for your private entertaining. EGI: $86,400; GE: $14,750; NOI: $71,650; Cap rate: 6.8%A must see to believe!!!Please, do not disturb any of the tenants!
Exterior Features

Building Length 52.00 Building Width 22.00 Construction Materials BrickMasonry Exterior Brick Lot Size Length 100 Lot Size Width 21 Parking Attributes 2 Spaces Parking Feature Carport Roof Flat Style High Ranch Yard BackFenced - Full

Interior Features

Basement Amenities FinishedFullSeparate EntranceWalk-in Baths Total Level1 1.00 Baths Total Level2 1.00 Baths Total Level3 1.00 Beds Total Level2 2 Beds Total Level3 3 Building Footprint Sq Ft 1144 Flooring CeramicHardwood Foundation Details Poured Concrete Heat Delivery Steam/Radiator Rooms Total Level1 4 Rooms Total Level2 4 Rooms Total Level3 5 Total Rooms 13

Property Features

ACUnits 0 Block 7966 Building Amenities NONE Construction Type Attached Cross Street Name Canarsie La Cross Street Name2 Farragut Rd Electric Circuit Breakers Financing 1031 ExchangeBank MortgageCash Fuel Expense 2100.00 Gross Income 86400 Handicap Access Unknown Heating Fuel Gas Hot Water Gas Insurance Expense 1800.00 Lot Number 62 Lot Size Irregular YN 0 Miscellaneous Expense 500.00 Net Operating Income 71650.00 Number Of Families 2 Property Sub Type Multi-Family Property Type Residential Residential Features DeckRefrigeratorStove Sale Type Arm's Length Tax Amount 7990.00 Transaction Type Sale Utility Expense 960.00 Zoning R5B

Listing information © 2025 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of How to Sell Realty: (718) 377-3795.


© 2025 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2025-01-16T14:00:37.11.
 
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