Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers, amp ; End Users !
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.
Amenities
- Electricity Connected
- Natural Gas Available

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.