3 Family Brick Investment in East Flatbush High Income amp ; Development Upside Outstanding investment opportunity in the desirable East Flatbush section of Brooklyn.
| Website: | https://www.nestseekers.com/5429321 |
|---|---|
| Address: | 928 Clarkson Avenue Apt: 3 Brooklyn, NY 11203 |
| Cross street: | East 54th Street |
| Type: | Townhouse |
| Era: | Post-war |
| Floors: | 2 |
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 12 |
| Bedrooms: | 6 BR |
| Bathrooms: | 3 |
| Pets: | No Pets Allowed |
Financials
Description
3-Family Brick Investment in East Flatbush - High Income & Development Upside Outstanding investment opportunity in the desirable East Flatbush section of Brooklyn. This fully brick, 3-family property offers strong income potential, flexible layouts, and future development upside on an R6-zoned lot. Projected rental income reaches approximately $8,500/month (not including the fully finished basement), making this an excellent opportunity for investors seeking solid cash flow and long-term appreciation. Property Highlights: Solid all-brick construction Rare 20 ft x 70 ft building on a 20 x 100 lot R6 zoning with approx. 3,240 additional buildable FAR 4 gas meters & 4 electric meters Upgraded electrical & plumbing systems Updated windows Annual property taxes: $5,545 No violations - clean property Unit Configuration: Top Floor: 3-bedroom, 2-bathroom apartment First Floor (Front): 1-bedroom, 1-bathroom + hospitality suite First Floor (Rear): 2-bedroom, 1-bathroom apartment Basement: Extra-large finished space with separate entrance, 2 bathrooms, 2 summer kitchens, and backyard access Location Benefits: Minutes to M train at Saratoga Ave Near Kings Highway & Rockaway Parkway shopping districts A short distance to Kings County Hospital Close to restaurants, retail, and everyday essentials Investment Advantages: Delivered vacant - no leases Strong projected rental income High CAP rate potential Significant value-add and expansion opportunity A rare chance to acquire a large, income-producing property with additional buildable potential in a growing Brooklyn market.
Amenities
- Basement
- Voice Intercom
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of Brooklyn Real Property Inc | |