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Image 1 - 354 48th St, Brooklyn, New York, 11220 - House for sale
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Home For Sale In Brooklyn, New York
354 48th St, Brooklyn, New York, 11220

Home For Sale In Brooklyn, New York

house for sale
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Listed: 05/15/24

354 48th St, Brooklyn, New York, 11220

Studio Bed:
4 Bath:
1,190 Sq Ft Living Area:
Save
Price
$ 1,62M

About This House

Welcome to this newly renovated income-producing property. This legal 4-family property is great for investor or user, It boasts High income potential of$113, 400/year = $9, 450/month with lower expenses. Landlord only needs to pay cold water, insurance and property tax, which amounts only to$3, 108/year. The property has a Cap Rate of 6.35% Completely Renovated 2 years ago, this house features new electrical, plumbing, heating and a/c systems, a new roof, new pipes, both first floor and second floor renovated... This house features two 2-bedroom apartments, two 1-bedroom apartments, each with individual AC/heat units in every room. The property is situated on a quiet tree-lined block in the heart of Sunset Park. Conveniently close to Industry City, Bay Ridge, Park Slope and shopping, cafes, and more. Just 2 blocks away from R and N train, Bus B9 and B11.

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New York Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 2 bed houses for sale in/near New York, United States averaged $817,160, a decrease of 7.1% from the previous month.
Median price trends for properties for sale in New York, United States as of May 2024.

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.