Listing courtesy of Berkshire Hathaway HomeServices New York Properties
259 Linden Boulevard, Brooklyn, (Flatbush), NY, 11226
20 rooms
1931
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, C1-3
Status:
Active
Town:
Brooklyn
Type:
Multi-family
Laundry Remarks:
InUnit
Zoning:
R7-1
Building Type:
House
Cooling:
Window Units
Levels:
3
Building Access:
Walk-up
Service Level:
None
Built Size:
26'x66'
OLR #:
RPLU798322983385
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