Off-Market Property at 906 E 16th St, Brooklyn, NY, 11230
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906 E 16th St, Brooklyn, NY, 11230

$849,999

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $263 per day and long-term for an average of $3,900 per month, based on similar listings in the area. Estimated short-term cap rate of 0.4%. Estimated long-term cap rate of -1.7%. This is a solid brick one family 4-bedroom, 1.5-bathroom house which is the perfect combination of classic charm. As you enter the front door, you'll be noticing a spacious living room with large bay windows that fill the space with natural light. The main floor layout flows into the dining room, thereby creating a perfect space for entertaining guests or enjoying family meals. The dining room also has a door leading to the private backyard. The kitchen has nicely updated appliances including a dishwasher, a built-in microwave and ample cabinet space. There is also an updated half bath on the first floor. Upstairs, you'll find three spacious bedrooms, each with many closets & plenty of natural light and a full bath. In addition to all that, there is a finished front entrance, which has a large family room, plenty of extra storage space, laundry room & the built-in garage. This is in a great residential neighborhood with easy access to many amenities the city offers. Enjoy local shopping, dining, and schools just moments from your doorstep. Plus, the subway is right around the corner. Don't miss out on the opportunity to make this house your new home, schedule a visit today and see everything this home has to offer.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6542
Bedrooms
4
Bathrooms
2
SQFT
1,842
Furnished
unknown
Year built
1955
Listing Status
Off Market
MLS
477907

Short-term Rental Potential
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$64,596

Revenue
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Profit
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Cap rate
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Cash on Cash
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$461

Price/SQFT

Long-term Rental Potential
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$46,800

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,900/mo

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