Brooklyn (East Flatbush), NY, 11203 | $900,000

Spanning approximately 3, 390 square feet, this oversized property is currently configured as two residential units plus one commercial space. While the interiors are ready for restoration to modern 2026 aesthetic standards, all major mechanicals and the roof are in good working condition, providing a solid and foundation for redevelopment. This presents an opportunity for an investor to convert the property into a three-family home, or for an end user to create an expansive primary residence with an income-producing property. Some images have been virtually staged to illustrate the home’s potential. 5606 Snyder Avenue is a classic 1935 brick row house rich in original architecture and offering flexibility. The property does not currently have a Certificate of Occupancy, and is taxed as a mixed-use building. A rare two-car garage adds further value. Measuring 20 feet wide by 64 feet deep, the home offers approximately 3, 390 square feet of interior space, including a garden-level rental and an oversized duplex, both primed for a full renovation. The current layout includes a garden-level two-bedroom apartment, a top floor in original condition with three generously sized bedrooms, and a parlor-level space formerly used as a doctor’s office. This parlor level can be seamlessly reimagined as part of a grand owner’s duplex or transformed into an additional income-producing unit. The home retains its classic red brick façade with ornamental brickwork above the windows, a covered porch, and timeless prewar charm. Behind the historic exterior, the property benefits from updated mechanicals, including a new heating system and water heater. The building is vacant, making it ideal for both investors and end users. Interest continues to grow eastward as Flatbush emerges as one of Brooklyn’s most exciting and evolving neighborhoods. New cafés, restaurants, and cultural destinations are rapidly taking hold along Church Avenue, Flatbush Junction, and Nostrand Avenue. The property is conveniently located near Brooklyn College and Kings Theatre, with easy access to the 2 and 5 subway lines for a direct commute into Manhattan.

Features

  • Town: Brooklyn
  • Heating: Baseboard
  • Levels: 2
  • Rooms: 17
  • Bedrooms: 7
  • Baths: 3 full
  • Lot Size: 20.000000x100.000000
  • Laundry: See Remarks
  • Year Built: 1935
  • Approx Sq. Feet: 3,390
  • Est. Taxes: $7,140
  • View: Neighborhood
  • Pet Policy: Building No,No
  • Appliances: Dryer,Washer
  • MLS#: RLS20068765
  • Days on Market: 37 days
  • Website: https://www.raveis.com
    /prop/RLS20068765/5606snyderavenue_brooklyn_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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NMLS Mortgage Loan Originator ID 81725

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Brooklyn (East Flatbush), NY, 11203

$900,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $720,000 $720,000 $720,000
Term 360 months 360 months 180 months
Initial Interest Rate** 4.750% 5.625% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 5.878% 5.732% 5.555%
Monthly Tax Payment $595 $595 $595
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,756 $4,145 $5,835
Total Monthly Payment $4,443 $4,832 $6,522

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.