Keller Williams Realty Elite - The Masaitis Team
1/6
Listing Courtesy Of: Serhant, Sarah Cotty
Local Realty Services Provided By: Keller Williams NYC
Overview
What It'll Cost
Neighborhood
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$1,450,000
64 DE SALES Place, New York City, NY 11207
5 Beds
2 Baths
810 sq ft
.04 ac
$1,450,000

64 DE SALES Place, New York City, NY 11207

Estimation provided by Keller Williams Realty Inc.
5 Beds
2 Baths
810 sq ft
.04 ac
Active
For Sale
Keller Williams Realty Advantage Fair Housing

Property Description

Nestled in the vibrant heart of Bushwick, Brooklyn, 64 De Sales Place is a sterling investment opportunity that combines modern living with lucrative earning potential. This elegant 2-family townhouse, built in 1905, has been beautifully updated to offer stylish, sun-drenched living spaces and a private backyard oasis, a rare luxury in the city. Each of the two units features its own entrance, enhancing privacy and flexibility.

Spanning two units and basement storage with an average rent of $3,150 per unit, this property showcases a solid financial profile with a potential gross income of over $7,300 monthly, factoring in a 10% vacancy rate. The rents are attractive, with Unit 1 at $3,300, Unit 2 has a current tenant in place until September at $2,999, and additional income from basement storage at $1,000 monthly.

Offered at a purchase price of $1,595,000 with an entry cap rate of 4.65%, 64 De Sales Place stands as a compelling investment in a Qualified Opportunity Zone, promising both a comfortable living environment and excellent financial growth potential. With strong rental demand in Bushwick, this property not only serves as a beautiful home but also a smart investment in one of Brooklyn's most dynamic neighborhoods. Don't miss out on this remarkable opportunity-schedule your tour today to see why this is such an exceptional deal!

Property Details

Compare This Home
Overview
Property Type
Multi Family
Property Size
810 sq ft
Year Built
1905
Days on Site
316 Days
Parking
No
The Masaitis Team
Keller Williams Realty Elite
10401246877

Activity History

VIEWS
0
SAVES
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SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

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Purchase Price: $1,450,000
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Price & Tax History

Date
Event
Price
07/01/2024
Price Decrease
$1,450,000
(-9.09%)
05/13/2024
Listed
$1,595,000
(+130.82%)
09/01/2021
Sold
$691,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2024
$3,108
(+5.86%)
$53,640
Land 12,360 + Additions 41,280
2023
$2,936
(+4.82%)
$47,400
Land 12,360 + Additions 35,040
2022
$2,801
(-48.96%)
$51,960
Land 12,360 + Additions 39,600
2021
$5,488
(+99.21%)
$57,000
Land 12,360 + Additions 44,640
2020
$2,755
(+35.13%)
$52,260
Land 12,360 + Additions 39,900
2019
$2,039
(+272.07%)
$52,260
Land 12,360 + Additions 39,900
2017
$547.94
$12,182
Land 3,554 + Additions 8,628
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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The Masaitis Team
Keller Williams Realty Elite
10401246877

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