717 58th Street

Rare-Find Excellent Investment Opportunity for this 16-Family with 10 Vacant Apartments is located in the center of Prime Sunset Park Neighborhood. Potentially about $300,000 annual gross income and about $200,000 in net operating income with 6.5% CAP rate. Building size 40x86' with approx. 11,360 square feet living space is sitting on 40x100.17 lot. Numerous improvements and upgrades have been done for the past couple months. The 16 apartments are consisting of 3 two-bedroom and 13 oversized one-bedroom apartments that can be easily converted into 2 bedrooms OVER full basement with separate entrance. Won't Last!