Property Details

Prime Flatbush-4 Family + 2 Stores, Great Location!!

Perfect investment in a booming area! Great three- story plus basement mixed-use building, located at the vibrant commercial intersection of Flatbush Av, Rogers Av. and Farragut Rd. The first floor encompasses a huge medical office (used by the owner), that could be easily subdivided to maximize the rental income. The upper two residential floors encompass two large 2-bedroom and two 3-bedroom apartments. All units are in great shape, with excellent natural light. The property could be delivered vacant. The current rent roll on the free market residential units and the potential high rent for the commercial space could easily project a cap rate north of 7 %. More than 6,000 Sq. Ft. of air rights available! Just two blocks from the 2 and 3 trains at the Flatbush Av./Brooklyn College station. Sold in "As Is" condition. Building size 30'x65', Lot Size 30'x100', Year Built 1933, Taxes $6,658