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$4,650,000
Est. payment /mo
4,020 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Flatbush
MLS Listing ID 1009859
Rental Info No
Year Built 1912
Annual Tax Amount $71,291
Lot Size 4,020 Sqft
Acres 0.0923
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 12 Unit Free Market Apartment Building In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, (7) 2 Bedroom Apts., (5) 1 Bedroom Apts., Security Camera System, High 9' Ceilings, Basement, Separate Meters, 6 Parking Spaces, 3 Phase Power, All New LED LIghting, A/C, +++!!! The Property Is Located In The Heart Of Flatbush Just Off Rt. 27 Near The Brooklyn Museum, Kings Theatre, Prospect Park & Just Minutes From I-278!!! Neighbors Include Chase Bank, USPS, Safeguard Self Storage, Target, Foot Locker, Old Navy, Planet Fitness, AT&T, Boost Mobile, Dunkin', Key Food, H & R Block, Walgreens, McDonald's, Popeye's Louisiana Kitchen, Domino's Pizza, CVS, +++!!! The Entire Building Underwent A Gut Renovation In 2024!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1: $26,400 Ann.; Lease Exp.: 11/30/26.
Apt. 2: $30,000 Ann.; Lease Exp.: 5/31/27.
Apt. 3: $30,300 Ann.; Lease Exp.: 12/31/26.
Apt. 4: $30,000 Ann.; Lease Exp.: 10/31/26.
Apt. 5: $39,000 Ann.; Lease Exp.: 5/31/26.
Apt. 6: $27,600 Ann.; Lease Exp.: 9/30/26.
Apt. 7: $28,800 Ann.; Lease Exp.: 10/31/25.
Apt. 8: $36,000 Ann.; Lease Exp.: 7/3/26.
Apt. 9: $26,400 Ann.; Lease Exp.: 9/30/25.
Apt. 10: $30,000 Ann.; Lease Exp.: 12/31/26.
Apt. 11: $36,000 Ann.; Lease Exp.: 6/30/26.
Apt. 12: $27,600 Ann.; Lease Exp.: 4/30/27.
Gross Income: $368,100 Ann.
Expenses:
LHP: $9,108.05 Ann.
Insurance: $ 7,200 Ann.
Cleaning & Maintenance: $3,600 Ann.
Security System/Cable: $632.64 Ann.
Water: $3,929.23 Ann.
Taxes: $71,895.92 Ann.
Total Expenses: $96,365.84 Ann.
Net Operating Income (NOI): 274,731.16 Ann.
Income:
Apt. 1: $26,400 Ann.; Lease Exp.: 11/30/26.
Apt. 2: $30,000 Ann.; Lease Exp.: 5/31/27.
Apt. 3: $30,300 Ann.; Lease Exp.: 12/31/26.
Apt. 4: $30,000 Ann.; Lease Exp.: 10/31/26.
Apt. 5: $39,000 Ann.; Lease Exp.: 5/31/26.
Apt. 6: $27,600 Ann.; Lease Exp.: 9/30/26.
Apt. 7: $28,800 Ann.; Lease Exp.: 10/31/25.
Apt. 8: $36,000 Ann.; Lease Exp.: 7/3/26.
Apt. 9: $26,400 Ann.; Lease Exp.: 9/30/25.
Apt. 10: $30,000 Ann.; Lease Exp.: 12/31/26.
Apt. 11: $36,000 Ann.; Lease Exp.: 6/30/26.
Apt. 12: $27,600 Ann.; Lease Exp.: 4/30/27.
Gross Income: $368,100 Ann.
Expenses:
LHP: $9,108.05 Ann.
Insurance: $ 7,200 Ann.
Cleaning & Maintenance: $3,600 Ann.
Security System/Cable: $632.64 Ann.
Water: $3,929.23 Ann.
Taxes: $71,895.92 Ann.
Total Expenses: $96,365.84 Ann.
Net Operating Income (NOI): 274,731.16 Ann.
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street, Other
Utilities Available Electricity Connected, Natural Gas Available
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
High Schools Brooklyn 17
School District Brooklyn 17
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp • Richard Matt Shane
GET MORE INFORMATION
Haniff Baksh
Broker License ID: 10311202741
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