259 Linden Boulevard
Flatbush
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Description
Investors and developers, take note! Cash-flowing asset "Turn Key Rent Stabilized Building"A fully occupied 6-unit building in the heart of Flatbush Brooklyn is up for sale in a rapidly gentrifying neighborhood. This property is a reliable source of cash flow, generating $89,368 in Gross Income annually with occupants who treat the building as their own. Each unit offers 2 bedrooms, 1 bathroom, and around 700 sq. ft. (total of 12 bedrooms).Besides its current cash flow, there's tremendous potential for growth. Zoned R7-1, C1-3, with 6,398 unused FAR, there's room for development or opportunity to sell air rights down the line. Conveniently located at Linden Blvd/Nostrand Ave, by Prospect Park, various train lines, hospitals, Brooklyn Museum, and shopping centers, this property is centrally positioned in Brooklyn's vibrant scene.If you're looking for an income-generating investment with potential, this is it! It is right by Rt. 27, and minutes from the BQE.Don't miss out on this prime turnkey investment or portfolio addition!- The roof and building are in overall great condition - Storage space available in the basement- The boiler is 7 years old- New electric sub-panels (Apt 1R & 1L 50amps)- Lot Size: 26ft x 126.8ft (3,298)- Building Class: C2- Year Built: 1931- Zoning: R7-1, C1-3Listing Courtesy of berkshire hathaway homeservices new york properties
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Amenities
- Laundry In Unit
Essentials
ID #: 1275663
Area:
Flatbush
Price:
$1,250,000
Location: 259 Linden Boulevard
Property Type: Condo
Bedrooms: 12 BD
Bathrooms: 6.5 BT
Taxes:
$1,317
Pet Policy:
No Pets
Stories: 3
Floor: 1
Amenities
- Laundry In Unit
Courtesy of berkshire hathaway homeservices new york properties
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