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Listing Courtesy of Brooklyn Real Property Inc
$1,300,000
Est. payment /mo
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision East Flatbush
MLS Listing ID RLS20085479
Style Walk-Up
Bedrooms 6
Full Baths 3
HOA Fees $462/mo
HOA Y/N Yes
Year Built 1910
Property Sub-Type Duplex
Property 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.
Location
Rooms
Basement Other
Interior
Cooling Other
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
View Y/N Yes
View Other
Porch None
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Tax ID 04641-0002
Ownership Rental Building
Monthly Total Fees $462
Special Listing Condition Standard
Pets Allowed Building No, No
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RLS Data display by Brooklyn Heights Real Estate
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