167 LINDEN BOULEVARD

For Sale - Brooklyn - East Flatbush

$3,500,000

Net Operating Income: $251,063

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Key Details

Property Type
MultiFamily
Neighborhood
East Flatbush
Property Dimensions
37.0 x 68.0
Property Area
7,680 sq.ft.
Total Units:
12
Stories:
3
NOI
$251,063
Price
$3,500,000
Price Per Unit
$291,666
Cap Rate
7.2%

Listing Description

B6 Real Estate Advisors is pleased to announce that is has been retained on an exclusive basis to arrange for the sale of 167 Linden Boulevard, a 3 -story walkup multifamily building, consisting of 12 vacant 1-bedroom apartments located in the Brooklyn neighborhood of Flatbush.

· Close proximity to Bedford and Flatbush Avenues, two of the most notable and sought-after retail corridors in Brooklyn.
· Property also benefits from onsite parking for up to five vehicles.
· 37’ x 68’ building, consisting of 7,680 SF across 3 stories.
· Located 3 blocks away from the 2, 5 train’s Church Avenue station, providing direct access to Downtown Brooklyn and Manhattan within 15-20 minutes.
· Building is well-maintained presenting investors with the opportunity to perform a substantial rehabilitation significantly increasing it’s cash flow and value.
· Additional 14,060 BSF of air rights is also available for redevelopment.
· Close proximity to Prospect Park, Brooklyn Botanical Gardens and Zoo.

Property Details

Block/Lot:
5085/96
Lot Dimensions
46.0 x 123.0
Lot Area
5,658 sq.ft
Zoning:
R7-1
FAR as Built:
1.36
Max FAR:
4.8
D.J. JohnstonB6 Real Estate Advisors
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