Brooklyn, NY 11226,422 E 31st Street
Brooklyn, NY 11226,422 E 31st Street
Brooklyn, NY 11226,422 E 31st Street
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Listing Courtesy of Compass
$3,850,000
Est. payment /mo
14 Beds
14 Baths
8,764 SqFt
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UPDATED:

10/31/2024 11:59 PM

Key Details

Property Type Multi Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,764 sqft

Price per Sqft $439

Subdivision Flatbush

MLS Listing ID COMP-1577028760400888953

Bedrooms 14

HOA Y/N Yes

Year Built 2024

Annual Tax Amount $3,492

Property Description

Welcome to 422 E 31 St, Brooklyn, a fantastic investment opportunity in the vibrant Flatbush neighborhood of Brooklyn!

This 10-unit residential apartment building was fully renovated in 2024, boasting modern interiors and amenities spanning 8,764 square feet. Each unit features hardwood floors, beautiful white kitchens with stainless steel appliances, and spacious interiors, providing residents with comfortable and contemporary living spaces.

The building offers additional amenities, including a laundry room for residents' convenience, a rooftop with stunning views, large open cellar - great for common recreational use, and five parking spaces for added convenience.

Benefitting from a 35-year 421-A Tax Abatement (pending), this property presents an excellent opportunity for investors looking to expand their portfolio. All ten apartments are leased, offering immediate income potential.

Less than 500 ft away is the MTA 2 & 5 trains making transportation a breeze! The neighborhood boasts a mix of residential streets lined with historic brownstones and a wide variety of dining and shopping options. Flatbush is also home to several cultural institutions, including the Brooklyn College campus and the historic Kings Theatre, which hosts concerts, performances, and events. With easy access to public transportation, including multiple subway lines and bus routes, Flatbush offers residents convenient connections to the rest of Brooklyn and Manhattan. Additionally, the neighborhood is bordered by Prospect Park, providing plenty of green space and outdoor recreational opportunities for residents to enjoy.

Contact us for more information regarding the rent roll and expenses. Don't miss out on this fantastic opportunity to own a fully renovated, income-producing property in the heart of Flatbush, Brooklyn!

Location

State NY

County Kings

Rooms

Basement Full

Interior

Interior Features Eat-in Kitchen, Recessed Lighting

Heating Central

Cooling Central Air, Other

Flooring Hardwood, Tile

Furnishings Unfurnished

Fireplace No

Appliance Cooktop, Refrigerator, Stainless Steel Appliance(s)

Laundry Common Area, See Remarks

Exterior

Parking Features On Site, Private

Private Pool No

Building

Dwelling Type Multi Family

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $291

Pets Allowed Building No, Cats OK, Dogs OK


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Randy Reis

+1(917) 336-1118

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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