- For Sale $371/SF
- Property Type Mixed Use
- Property Size 5,787 SF
- Units 7
- Lot Size 0.05 Acre
- Cap Rate % 6
- Rental Income / YR 167000
- NOI / YR 130000
- Taxes / YR 14000
- # of Floors 4
- Property Tenancy Multi-Tenant
- Year Built 1931
- Year Renovated 2015
- Date Updated Mar 20, 2024
- Construction Type brick
Brick 7 Family & 1 Retail Store on Flatbush Avenue , 1 block walk to entrance of Prospect Park
and the Q Train subway entrance.
7 two bedroom apartments, 6 apartments were renovated with new kitchens, baths, windows, etc. 2010-2022.
New gas central boiler 2021, New roof 2018, New hot water tank 2023, New entrance door,
4 Free market apartments, 3 rent stabilized ( 1 vacant apt.)
Store is month to month and has no lease , pays added rent-$3800.00 / year for water and real estate taxes.
Building is located in prime Prospect Park / Lefferts Gardens , close to all restaurants, shopping , banking NYC Buses.
Net income now $ 131000 /yr. 6.0 % Cap Rate
With the 4 free market apartments and 1 preferential rent the projected net income is $181,000 this a 8.0 %+ cap rate !.
Possible duplex unit with store and 2nd. front (vacant unit ) for owner user / business professional duplex.
Contact J. Orlando Realty Co. Must have proof of funds- Bank statement or Stock / Bond portfolio preferred.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prospect Park Lefferts
False
Contacts
James Orlando
St. James Realty Co. LLc.
(718) 256-5100
Location
Getting Around
-
Walk Score ®
Walker's Paradise (94) -
Transit Score ®
Rider's Paradise (100) -
Bike Score ®
Very Bikeable (86)
- City Brooklyn, NY
- Neighborhood Prospect - Lefferts Gardens
- Zip Code 11225
- Market Brooklyn
Points of Interest
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Prospect Park
0.22 miles
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Parkside Avenue
0.24 miles
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Winthrop Street
0.57 miles
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Church Avenue
0.58 miles
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Sterling Street
0.61 miles
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Church Avenue
0.81 miles
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Botanic Garden
0.83 miles
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President Street–Medgar Evers College
0.84 miles
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Franklin Avenue
0.84 miles
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Eastern Parkway - Brooklyn Museum
0.93 miles
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BP
0.19 miles
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BP
0.48 miles
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BP
0.72 miles
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Tesla Supercharger
0.79 miles
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EVgo
0.89 miles
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7-Eleven
1.07 miles
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Shell
1.14 miles
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Mobil
1.25 miles
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BP
1.31 miles
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plugNYC
1.36 miles
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The Brooklyn Museum and Botanic Garden
0.84 miles
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Kings County Parking Garage
1.07 miles
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Car Park Systems
1.12 miles
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Rapid Park
1.12 miles
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Ultra Car Park Systems
1.18 miles
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Garfield Garage
1.31 miles
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Underhill Garage
1.33 miles
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Cielo Garage
1.70 miles
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Pathmark
2.00 miles
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Eastern Fruits and Vegetables
2.15 miles
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Prospect Pizza
0.03 miles
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Edie Jo's
0.06 miles
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Midwood Flats
0.07 miles
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Sushi Tatsu III
0.08 miles
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Gino's Brick Oven Pizza
0.13 miles
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Zed Eats and Drinks
0.14 miles
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Antojitos Del Patron
0.14 miles
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Ix
0.16 miles
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Taqueria El Patron
0.16 miles
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New Peking
0.17 miles
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John Hus Moravian School
0.08 miles
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C. Gardens Prep School
0.23 miles
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Public School 92
0.40 miles
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Exceed Upper School
0.42 miles
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K352 Ebbets Field Middle School
0.43 miles
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Public School K375 Jackie Robinson
0.45 miles
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Public School K141
0.51 miles
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Middle School K002
0.51 miles
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Public School 245
0.55 miles
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Medgar Evers College
0.64 miles
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Maple Street School
0.06 miles
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Maple Street School
0.16 miles
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Hawthorne Corners Day Care
0.24 miles
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Phebeanna Pre-School
0.34 miles
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Lefferts Gardens Montessori
0.40 miles
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Kiddie Science
0.41 miles
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Blue Star Academy
0.46 miles
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Bambi Early Education and Child Care
0.63 miles
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Friends of Crown Heights Educational Center
0.67 miles
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JCC Brooklyn
0.90 miles
Contact Listing Broker
James Orlando
St. James Realty Co. LLc.
(718) 256-5100
