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$1,300,000
Est. payment /mo
6 Beds
3 Baths
2,752 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,752 sqft
Price per Sqft $472
MLS Listing ID 500627
Bedrooms 6
Full Baths 3
Year Built 1910
Annual Tax Amount $5,545
Property Sub-Type Multi-Family
Property Description
Legal 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, legal 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
Walking 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.
Outstanding investment opportunity in the desirable East Flatbush section of Brooklyn. This fully brick, legal 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
Walking 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
State NY
County Kings (brooklyn)
Area East Flatbush
Zoning R6
Rooms
Basement Finished, Separate Entrance, Other
Interior
Hot Water Gas
Heating Gas
Flooring Carpeting, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Storage rooms
Roof Type Flat
Handicap Access Unknown
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Brooklyn Real Property Inc.
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716