1220 Avenue Y is a residential building located in the desirable Sheepshead Bay area of Brooklyn, New York. Built in 1991, this property has recently come to market for the first time, presenting a unique investment opportunity. The building features a range of apartment layouts, including a notable 3-bedroom, 2-bath duplex unit that includes its own parking spot. This spacious unit is currently occupied by a tenant, generating a monthly rental income of $3,000, making it an attractive option for investors looking for immediate returns.
The location of 1220 Avenue Y is a significant draw, situated near essential amenities such as Stop & Shop, Netsco, Petco, Staples, and Marshalls. Residents benefit from convenient access to major subway lines, specifically the B, Q, and R trains at the Sheepshead Bay stop, enhancing connectivity to the rest of the city. The building's low monthly tax of $343 further adds to its appeal, allowing for manageable ownership costs.
While specific details about the building's amenities and features are not extensively documented, the presence of in-unit facilities and the potential for customization through renovations are highlighted in the listings. This flexibility allows new owners to tailor their living spaces to their preferences, making it a versatile choice for both families and investors alike.