Address
120 Sheridan Avenue Cypress Hills, NY
Price
$ 899,000
Property Attributes
  • MLS#3297404
  • TypeCommercial
  • CountyBROOKLYN
  • CityCypress Hills
  • Area13
  • Zip11208
  • StyleApartment
  • Price$ 899,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Dinko Grancaric | with Benjamin Realty Since 1980
Data Source:
OneKey MLS
Property Description

This is a Bank Repossessed REO. There is a current Appraisal performed by a 3rd Party Licensed Appraiser with "AS IS" Value at $1,175,000. The ASKING PRICE of $899,000 is a STARTING BID. All Offers Must be presented in writing and once accepted a formal contract will be emailed for signature and non-refundable deposit within 48 hours. The contract is subject to all Violations and Fines that are disclosed in the Contract of Sale. Only common areas can be shown in the building. Currently, the building is fully occupied with 2 Tenants in court for non-payment of rent. There are existing Violations in the approximate amount of $47,000.00. This is a tremendous opportunity for any investor to purchase this building below cost. The lender paid $1.1 Million as part of the settlement. Once all Violations are cured and all Rents are collected, the estimated VALUE is above $1.3 Million. Once again, this is a Bank Repossession and All Offers will be considered on their FINANCIAL MERIT ONLY.

Price History
3/23/2021 Listed $899,000

General Features

Buildingareaunits Square Feet
Business Type Apt House
Heating Oil, Hot Water
Property SubType Apartment
Property Type Commercial Sale
Sewer Sewer
Tax Annual Amount 0.00
Total Units 6
Zoning Description R5

Interior Features

Ceiling Height No

Exterior Features

Buildingsize 5040
Lot Size Acres 0.0600
Lot Size Area 0.0600
Lot Size Source Other
Lot Size Square Feet 2426.00
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 11208

Price
AVG $1.01M
$900K

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Fair Housing Icon NY Fair Housing Notice