1797 FLATBUSH AVENUE

For Sale - Brooklyn - Flatlands

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Net Operating Income: $113,357

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Key Details

Property Type
Mixed Use
Neighborhood
Flatlands
Property Dimensions
20.0 x 55.0
Property Area
3,300 sq.ft.
Total Units:
3
Stories:
3
NOI
$113,357
Price
Submit Best Offer
Price Per Unit
-
Cap Rate
4.5%

Listing Description

The subject property is a renovated block through mixed-use building encompassing 3,846 SF across three stories. The building also benefits from a rear garage entrance, accessible from E 37th Street.

Unit mix consist of two (2) three-bedroom / two bath residential units over one (1) retail unit. These spacious residential units span over 1,000 SF. The retail unit includes access to an expansive basement with 10’ high ceilings.

Building benefits from all new mechanical systems / heat, electric, plumbing, beams, joists, and roof. The residential units were outfitted with high end finished throughout, including heated bathroom floors, providing investors/owner operators with a low maintenance turnkey asset.

The property is conveniently located a short walk to the Flatbush Avenue Station 2 trains, providing tenants with easy access to Manhattan and other sections of Brooklyn.

Property Details

Block/Lot:
7618/29
Lot Dimensions
20.0 x 96.0
Lot Area
1,920 sq.ft
Zoning:
R5
FAR as Built:
1.72
Max FAR:
2.0
D.J. JohnstonB6 Real Estate Advisors
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Sales & Transactions

AddressSale PriceSale DateProperty Type
4517 AVENUE L$650,00006/28/2018Mixed Use
2015 FLATBUSH AVENUE$400,00004/18/2018Mixed Use
4504 AVENUE L$720,18704/16/2018Mixed Use
4517 AVENUE L$500,00006/26/2017Mixed Use
4523 AVENUE L$975,00009/26/2016Mixed Use
1418 EAST 49TH STREET$615,00012/02/2015Mixed Use
2015 FLATBUSH AVENUE-11/03/2015Mixed Use