1215 Flatbush Avenue, Brooklyn, NY 11226

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$2,800,000 List Price
Off Market
 
Listing ID 10542545
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood East Flatbush
Total Tax $7,752
Tax ID 05188-0003
FEMA Flood Map fema.gov/portal
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5.7% Cap Income Producing 5-Unit Mixed Use Building For Sale

Completely gut renovated 5-unit mixed use building in prime East Flatbush. All units are 100% leased and producing a net income of approximately $160,000. Major upside in rents and air rights to redevelop.
Property Details
  • 5 Full Baths
  • 6542 SF
  • 2114 SF Lot
  • Renovated 2018
  • 4 Stories
  • Available 10/03/2018
  • Full Basement
  • Renovation: Building was completely gut renovated with the highest quality of finishes. Please see below for details; *New Windows* *New Mechanicals* *New Roof* *New Split System in each unit (heating & cooling) *Washer & Dryer* *Too much to list, A MUST SE
Interior Features
  • Hardwood Flooring
  • Forced Air
  • Electric Fuel
  • Natural Gas Avail
  • Central A/C
Exterior Features
  • Brick Siding
  • Rubber Roof
  • Park View
  • City View
Community Details
  • Walk-up (Bldg. Style)
Commercial Info
  • 6% Cap. Rate
Income/Expenses
  • Gross Income $181,500
  • Net Income $159,748
  • Management Exp $5,000
  • Maintainence Exp $1,200
  • Insurance Exp $3,000
  • Electric Exp $500
  • Water Exp $3,500
  • Misc Exp $800
  • Total Exp $14,000
  • Paid by Landlord: Water, Insurance
Taxes and Fees
  • $7,752 Total Tax
Previously Listed By
Benjamin Koptiev
KOPTIEV BEN
Office: 917-776-8060
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