OOC - OTHER NY - ID: 20230070
On the Market
Ulster:20230070_1 Ulster:20230070_2 Ulster:20230070_3 Ulster:20230070_4 Ulster:20230070_5 Ulster:20230070_6 Ulster:20230070_7 Ulster:20230070_8 Ulster:20230070_9 Ulster:20230070_10 Ulster:20230070_11 Ulster:20230070_12 Ulster:20230070_13 Ulster:20230070_14 Ulster:20230070_15 Ulster:20230070_16
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  • Price: $1,645,000
  • Bedrooms: 3
  • Bathrooms: 4 (full)
  • Sq. Feet: 0
  • Garage: None
  • Acreage: 0.11
  • Year Built: 1910
  • School District: OTHER
    Vetere Real Estate
    (845) 338-0571
Property Type: 4 Family

Description: This Sunset Park 4-family, with easy potential for another unit, is actually two buildings separated by a common garden/yard area. Both buildings are in very good condition with mostly new mechanicals. A really solid investment with a 5 per cent cap rate, as rents in the city just keep rising and rising, or perhaps a development site, with use of air rights and the space between both buildings. (The downstairs unit in the back building merely needs the addition of a stove to make it a legal apartment.) Current leases are six-month leases. Opportunity is knocking here. [See floorplans for all apartments in photos.]
R6B districts are often traditional row house districts, designed to preserve the scale and harmonious streetscape of the neighborhoods developed during the 19th century with four-story attached buildings. Many of these houses are set back from the street by stoops or small front yards. . The floor area ratio is 2.0 and the mandatory Quality Housing regulations also accommodate apartment buildings at a similar four- to five-story scale. The base height of a new building before setback must be between 30 and 40 feet; the maximum building height is 50 feet. To maintain the traditional streetscape, curb cuts are prohibited on lots narrower than 40 feet. The front line wall of a new building, on any lot up to 50 feet wide, must be as deep as one adjacent street wall but no deeper than the other. Off-street parking is not allowed in front of a building and the area between the front wall and the street line must be landscaped. Parking is required for 50% of a building's dwelling units, or waived if five or fewer spaces are required.

UNIT 1 -RENT: 2150
UNIT 2 -RENT: 2000
UNIT 3 -RENT: 2000
UNIT 4 -RENT: 2100

Listing courtesy of: Corcoran Country Living / Listing Agent: Lawrence O'Toole
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