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$999,999
Est. payment /mo
1,951 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision East Flatbush
MLS Listing ID 1067595
Rental Info No
Year Built 1933
Annual Tax Amount $12,545
Lot Size 1,951 Sqft
Acres 0.0448
Property Sub-Type Mixed Use
Source onekey2
Property Description
Welcome to this exceptional mixed-use investment opportunity in the heart of East Flatbush, Brooklyn! This versatile property offers excellent income-producing potential for investors and business owners alike.
The property features an existing 3-bedroom, 1-bathroom unit generating $2,600 in monthly rental income, along with a ground-floor commercial space offering the potential to generate an additional $10,000 per month. This brings the total projected rental income to $12,600 monthly, or $151,200 annually.
Additional highlights include approximately 2,000 square feet of potential rentable commercial space, with the possibility of accommodating four separate units—one storefront in the front and three spaces in the rear, subject to applicable approvals. The property also features a backyard and convenient shutter access to the basement.
Annual expenses include approximately $12,221 in property taxes, $3,600 in insurance, and $1,800 in water costs. Based on the stated income and expenses, the property offers a projected Net Operating Income (NOI) of approximately $133,579 and an estimated capitalization rate of 13.36% based on a $1,000,000 property valuation, before additional operating expenses.
Conveniently located near shopping, transportation, and neighborhood amenities, this East Flatbush mixed-use property offers flexibility, strong projected rental income, and long-term investment potential. Don't miss this opportunity!
The property features an existing 3-bedroom, 1-bathroom unit generating $2,600 in monthly rental income, along with a ground-floor commercial space offering the potential to generate an additional $10,000 per month. This brings the total projected rental income to $12,600 monthly, or $151,200 annually.
Additional highlights include approximately 2,000 square feet of potential rentable commercial space, with the possibility of accommodating four separate units—one storefront in the front and three spaces in the rear, subject to applicable approvals. The property also features a backyard and convenient shutter access to the basement.
Annual expenses include approximately $12,221 in property taxes, $3,600 in insurance, and $1,800 in water costs. Based on the stated income and expenses, the property offers a projected Net Operating Income (NOI) of approximately $133,579 and an estimated capitalization rate of 13.36% based on a $1,000,000 property valuation, before additional operating expenses.
Conveniently located near shopping, transportation, and neighborhood amenities, this East Flatbush mixed-use property offers flexibility, strong projected rental income, and long-term investment potential. Don't miss this opportunity!
Location
State NY
County Kings (brooklyn)
Rooms
Basement Storage Space
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available See Remarks
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Brooklyn 13
School District Brooklyn 13
Others
Special Listing Condition None
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Listed by 5 Boro Realty Corp • Remon Kredi
Nearby School & Business
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