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$1,100,000
Est. payment /mo
3 Baths
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 501149
Full Baths 3
Annual Tax Amount $1,208
Property Sub-Type Multi-Family
Property Description
Welcome to 2296 Atlantic Avenue, this exceptional three-family turnkey investment property delivers immediate cash flow and long-term upside, boasting an impressive ~8.6% cap rate. Fully occupied with stable, paying tenants, the building is well maintained and requires minimal management—making it a true plug-and-play asset for any investor.
Each unit features functional layouts designed for tenant comfort and retention, contributing to consistent rental income and a proven occupancy track record. This is a rare opportunity to secure a high-performing, income-generating property with solid financials from day one.
Adding even greater value, the neighboring building 2294 Atlantic Avenue is also available and can be purchased as a package deal. Combined, the properties present a unique development opportunity with additional air rights, offering significant upside potential for expansion or redevelopment. R6 Zoning.
Ideal for both seasoned investors and developers looking to maximize returns through income and future growth.
Each unit features functional layouts designed for tenant comfort and retention, contributing to consistent rental income and a proven occupancy track record. This is a rare opportunity to secure a high-performing, income-generating property with solid financials from day one.
Adding even greater value, the neighboring building 2294 Atlantic Avenue is also available and can be purchased as a package deal. Combined, the properties present a unique development opportunity with additional air rights, offering significant upside potential for expansion or redevelopment. R6 Zoning.
Ideal for both seasoned investors and developers looking to maximize returns through income and future growth.
Location
State NY
County Kings (brooklyn)
Area Ocean Hill
Rooms
Basement Cellar
Interior
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Aluminum Siding
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Foundation Other
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by eXp Realty BKNY
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716