281-283 Flatbush Ave - Apartments FOR SALE


Brooklyn, NY 11217- Prospect Heights
$5,900,000 USD
718-613-2015
281-283 Flatbush Ave, Brooklyn, NY for Sale
$5,900,000 USD
Apartments - FOR SALE
1/6
null | 5.13% Cap Rate

281-283 Flatbush Ave
Brooklyn, NY 11217
Prospect Heights


HIGHLIGHTS

  • Close to Barclay Center
  • Close Proximity to Prospect Park
  • High Foot Traffic Area

OVERVIEW

Legal 14 unit mixed use building with 2 commercial storefronts located along prime Flatbush Avenue. The property generates $383,035 gross income with a strong $302,623 NOI and offers immediate and near term upside. Generational ownership, first time to market. The building units consist of 11 One Bedroom (RS), 1 One bedroom (De-Regulated) 2 Studio and 2 commercial all separately metered. Two Units Delivered vacant rest Fully occupied with stable strong tenancy. Ideal for investors seeking stable cash flow with value add and long term upside in a core Brooklyn corridor. Centrally located to major transportation hub for LIRR , Subway, Barclays Center, BAM and Prospect Park.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$686 USD /SF

# OF UNITS

14

PRICE/UNIT

$421,429

CAP RATE

5.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,519 SF

ZONING

R7A, c2-4

APN/PARCEL ID

01150-0012

ASK ABOUT THIS PROPERTY

Peter GrazioliBrown Harris StevensMore Info
718-613-2015

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Peter GrazioliBrown Harris StevensMore Info
718-613-2015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.