1428 Flatbush Avenue
Brooklyn, NY 11210
MLS #413108

Mixed Use
    $2,800,000
    Est. P&I payment: $10694.1/mo
    1428 Flatbush Avenue, Brooklyn, NY 11210
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    Description for 1428 Flatbush Avenue, Brooklyn, NY 11210
    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.
    MLS #413108
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    My Notes for MLS #413108

    General Features

    • Number Of Families: 4
    • Number Of Stores: 1
    • Owner Occupied: Yes
    • Property Sub Type: Mixed Use
    • Property Type: Mixed Use
    • Status: Active
    • Unit Count: 5

    Utility Features

    • Electric: 110 V
    • Hot Water: Other
    • Utility Expense: 500

    Financial Features

    • Assessment Fee End Date: 0000-00-00 00:00:00
    • Cap Rate: 0.05
    • Financing: Conventional
    • Gross Expense: 9,896
    • Gross Income: 162,600
    • Gross Lease: 162,600
    • Heat Delivery: Other
    • Heating Fuel: Gas
    • Insurance Expense: 825
    • Miscellaneous Expense: 500
    • Net Operating Income: 152,704
    • Rent Income: 162,600
    • Rent Income Period: 162,600
    • Tax Abatement End Date: 0000-00-00 00:00:00
    • Tax Amount: 6,871
    • Tenant Lease End Date: 0000-00-00 00:00:00
    • Transaction Type: Sale

    Interior Features

    • Basement Amenities: Cellar
    • Commercial Features Interior: None
    • Flooring: Hardwood
    • Lavatories: Unknown

    Miscellaneous Features

    • Date Available: 0000-00-00 00:00:00
    • Sale Type: Arm's Length

    Community Features

    • Borough: Brooklyn
    • City: Brooklyn
    • County Or Parish: Kings (Brooklyn)
    • Cross Street Name: Farragut Rd
    • Cross Street Name 2: Glenwood Rd
    • MLS Area Major: Midwood

    Exterior Features

    • Building Type: Attached
    • Commercial Features Exterior: None
    • Construction Materials: Wood Frame
    • Exterior: Vinyl Siding
    • Foundation Details: Other
    • Loading Docks: None
    • Lot Size Irregular YN: 1
    • Lot Size Length: 100
    • Lot Size Width: 30
    • Lot Sq Ft: 3,000
    • Roof: Other
    • Yard: Back

    Location

     
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    The listing information for 1428 Flatbush Avenue, Brooklyn, NY 11210 was graciously provided by our friends at the listing brokerage, Douglas Elliman Real Estate

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    P&I Payment $10694.1
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    Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Top Properties's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Top Properties, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
    Last Updated 10/19/2017 at 10:03am
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