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.
Listing Courtesy of Corcoran Country Living, Ulster County Board-Realtors
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