NEW! Buy and sell safely with virtual options - Learn More
About the Listing KEEG02 - 182256
863 Dumont Ave, Brooklyn, NY 11207 – Exceptional investment opportunity in the heart of East New York. This legal detached brick 3-family building offers strong existing cash flow with significant upside potential. Configured as a spacious 5-bedroom/1-bath apartment over two 4-bedroom/1-bath apartments, plus a full unfinished basement with both an interior entrance and separate rear access. The property underwent a gut renovation approximately 5 years ago and remains in very good overall condition, requiring only minor cosmetic updating. Fully occupied and producing approximately $9,600 per month in rental income, this property also presents clear upside potential with projected market rents estimated around $13,000 per month. Additional features include detached brick construction, separate utilities with 2 electric meters and 3 gas meters, 1 hot water tank, and 1 furnace. The oversized apartments provide excellent functionality and strong tenant appeal in a high-demand rental market. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major roadways. Easy access to subway lines, bus routes, and the Belt Parkway adds to the property’s long-term investment appeal. Excellent opportunity for investors seeking a large income-producing Brooklyn property with strong existing returns and future growth potential.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Walk-Out Access
- Other: Eat-in Kitchen,High Ceilings
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,068
- Taxes w/Assessments: N/A
- Tax/Property ID: 04060-0041
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
863 Dumont Ave Brooklyn, NY 11207
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
