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$1,349,000
Est. payment /mo
17 Beds
6 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $269
MLS Listing ID 500555
Bedrooms 17
Full Baths 6
Year Built 1925
Annual Tax Amount $22,787
Property Sub-Type Multi-Family
Property Description
Turnkey 6 Family Investment in Excellent Condition
Located in the desirable Kensington/Flatbush area, this well-maintained semi-detached 6-family brick building presents a rare opportunity to acquire a fully occupied, income-producing asset in excellent condition.
The property consists of three stories plus a full basement and features six spacious units, primarily 3-bedroom layouts, a highly desirable configuration that supports long-term tenant stability and consistent demand.
Income & Performance: The building generates approximately $138,800+ in annual gross income with all units currently occupied. Operating expenses are approximately $43,000+ plus real estate taxes (~$22,787), providing a stable, predictable cash flow profile.
Investment Highlights:
•Fully occupied, immediate income from day one
•Excellent building condition, minimal near-term capital expenditure
•Strong unit mix with large 3 bedroom apartments
•Long-term hold with consistent rental demand
•Solid Brooklyn location with established tenant base
Property Features:
•Approx. 5,000 sq ft building
•Semi-detached brick construction
•Hardwood and tile flooring throughout
•Full basement for storage/mechanical
•Rear yard
Location: Conveniently situated near public transportation, shopping, schools, and major roadways, offering easy access throughout Brooklyn and into Manhattan.
Located in the desirable Kensington/Flatbush area, this well-maintained semi-detached 6-family brick building presents a rare opportunity to acquire a fully occupied, income-producing asset in excellent condition.
The property consists of three stories plus a full basement and features six spacious units, primarily 3-bedroom layouts, a highly desirable configuration that supports long-term tenant stability and consistent demand.
Income & Performance: The building generates approximately $138,800+ in annual gross income with all units currently occupied. Operating expenses are approximately $43,000+ plus real estate taxes (~$22,787), providing a stable, predictable cash flow profile.
Investment Highlights:
•Fully occupied, immediate income from day one
•Excellent building condition, minimal near-term capital expenditure
•Strong unit mix with large 3 bedroom apartments
•Long-term hold with consistent rental demand
•Solid Brooklyn location with established tenant base
Property Features:
•Approx. 5,000 sq ft building
•Semi-detached brick construction
•Hardwood and tile flooring throughout
•Full basement for storage/mechanical
•Rear yard
Location: Conveniently situated near public transportation, shopping, schools, and major roadways, offering easy access throughout Brooklyn and into Manhattan.
Location
State NY
County Kings (brooklyn)
Area Flatbush
Zoning R7A
Rooms
Basement Full
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick, Brick Face, Brownstone
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Gas
Financing Bank Mortgage,Cash
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Listed by Tiger Realty
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716