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$1,395,000

Est. payment - /mo

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2,500 Sqft Lot

Active

863 Dumont AVE Brooklyn, NY 11207

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Christine DeHart

christine@salmonrealestate.com +1(718) 273-1200

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1005804

Rental Info No

Year Built 1901

Annual Tax Amount $2,067

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Triplex

Source onekey2

Property Description

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.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Unfinished, Walk-Out Access

Interior

Interior Features Eat-in Kitchen, High Ceilings

Heating Baseboard

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected

Garage false

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 114 Ryder Elementary

Middle Schools Brooklyn Science And Engineering Aca

High Schools Brooklyn 18

School District Brooklyn 18

Others

Senior Community No

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Keystone Realty USA Corp • Morris Zarifpoor

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States