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1111 Sheepshead Bay Road, Brooklyn, NY 11229 (MLS# 2405232)

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1111 Sheepshead Bay Road, Brooklyn, NY 11229

$2,400,000
Property Type: MultiFamily Bedrooms: 10 Baths: 8 Square Footage: 5,440 Lot Size (sq. ft.): 5,800 Status: Closed
Current Price: $2,400,000 List Date: 9/16/2024 Last Modified: 11/10/2025

Overview

Description

Top property for investor/homeowner or 1031 Exchange! Situated in prime residential area Homecrest, Brooklyn, neighboring Sheepshead Bay, Brooklyn,. Built in 2003, this EXTRA LARGE ALL BRICK building 32 x 68, lot 51.42 x 122.25. The 2.5 story(each unit is a duplex apartment) with a full basement, is one of a kind legal 3 family property. You can both live in and make a great income. If you are considering buying a Condo for about 2M, why not consider this 3 Family property that can be 3 condos value and easy to rent without additional board requirements or a wait for board approval. The property is a low maintenance modern building. Three units have been totally renovated with lots of upgrades: beautiful hardwood floors throughout each unit; granite countertops; wood cabinets; stainless appliances in every kitchen in each unit. 1st floor is a ONE UNIT apartment (1F + 1R), has 4 bedrooms, 4 bathrooms, two master bedrooms comes with two private bathrooms, the living room, dining room, a ...

Listing Details MLS# 2405232

AddressLegal

Street No.
1111
Street Name
Sheepshead Bay
Street Suffix
Road
County
Kings
State
NY
Zip Code
11229
Area Name
Sheepshead Bay
Parcel ID
07397-0059

ContractLocation Information

Marketing/Listing Date
2024-09-16
Sub-Type
Triplex
Zoning
R4
Block
07397
Lot
0059

General Property Info

Stories
3
Full Baths
8
3/4 Baths
3
Total Baths
8
Year Built
2003
Year Built Info
Approx
Taxes
25472
Tax Abated
No
Lot Size SqFt
5800
Lot Dim
51.42x122.25
Irregular
No
Building SqFt
5440
# Units
3
Garage Capacity
2
No. of Heating Units
3
Air Conditioner
Units
Public Remarks
Top property for investor/homeowner or 1031 Exchange! Situated in prime residential area Homecrest, Brooklyn, neighboring Sheepshead Bay, Brooklyn,. Built in 2003, this EXTRA LARGE ALL BRICK building 32 x 68, lot 51.42 x 122.25. The 2.5 story(each unit is a duplex apartment) with a full basement, is one of a kind legal 3 family property. You can both live in and make a great income. If you are considering buying a Condo for about 2M, why not consider this 3 Family property that can be 3 condos value and easy to rent without additional board requirements or a wait for board approval. The property is a low maintenance modern building. Three units have been totally renovated with lots of upgrades: beautiful hardwood floors throughout each unit; granite countertops; wood cabinets; stainless appliances in every kitchen in each unit. 1st floor is a ONE UNIT apartment (1F + 1R), has 4 bedrooms, 4 bathrooms, two master bedrooms comes with two private bathrooms, the living room, dining room, and kitchen ARE DOUBLE SIZES (pls call for explanation) and the unit connects with huge full finished basement, making it a duplex. 2nd floor TWO UNITS apartments 2F and 2R, the 16 feet high ceiling in living room gives one a side hall feel of luxury duplex! Both units have a spacious Living room, dining area combo, kitchen, 1 bathroom, one bedroom and a spiral staircase taking you to upper level for 2 bedrooms, and one 4 piece bathroom in the hallway. All bathrooms are high taste/quality tiled. All units have an outdoor area. A huge garage sits in the back of long driveway (parks 3-4 cars).This 3 family property is perfect for a primary residence with two great income producing units or as an investment property solely. 4 boilers, 4 hot water tanks, 4 electricity meters,4 gas meters (1st unit has 2 boilers & 2 hot water tanks-it can become legal 2 units after closing). Being sold As Is. Refrigerator, stove & chandelier in 1F & 1R apartment belongs to tenant.
Half Baths
0
Rent Control # of Units
0
Rent Stabilized # Units
0

Status Change Info

Pending Date
2025-02-27
Sold Date
2025-11-07
Projected Close Date
2025-05-27

Unit 1

Unit 1 - Rent/Month
4200
Unit 1 - # Rooms
10
Unit 1 - # Bedrooms
4
Unit 1 - # Baths
4

Unit 2

Unit 2 - # Rooms
7
Unit 2 - # Bedrooms
3
Unit 2 - # Baths
2
Unit 2 - Rent/Month
0

More Information

Unit 3

Unit 3 - Rent/Month
3000
Unit 3 - # Rooms
7
Unit 3 - # Bedrooms
3
Unit 3 - # Baths
2

Appliances

Total # Ranges
3

Address/Legal

Section
N/A
Country
United States

Contract/Location Information

List Price/SqFt
487.13
CofO
Yes
List Type
Exclusive Right To Sell
REO
No
Owner Finance
No

Sewer

Public Sewer
Yes

Income & Expenses

Gross Income
122400
Net Income
88600
Total Expense
33800

Electric

220
Yes

Heat Source

Electric
Yes
Natural Gas
Yes

Heat System

Hot Water
Yes

Kitchen

Eat In
Yes

Living Room

Separate
Yes

Electric Meters

Individual
Yes

Main Bath

Full Bath
Yes

Gas Meters

Individual
Yes

Basement

Finished
Yes
Full
Yes

Parking

Off Street
Yes

Garage Location

Detached
Yes

Siding

Brick
Yes

Extras

Cable
Yes

Property Condition

Excellent
Yes

Property Features

Kitchen: Eat In Electric Meters: Individual Living Room: Separate Gas Meters: Individual Main Bath: Full Bath Sewer: Public Sewer Electric: 220 Basement: Finished; Full Parking: Off Street Garage Location: Detached Siding: Brick Extras: Cable Heat Source: Electric; Natural Gas Heat System: Hot Water Property Condition: Excellent
Listing Courtesy of DiTommaso Real Estate
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.