Contacts
James Orlando
St. James Realty Co. LLc.
(718) 256-5100
Property Details
- Property Type Mixed Use
- Property Size 5,787 SF
- Units 7
- Lot Size 0.05 Acre
- Cap Rate % 6
- Rental Income / YR 167000
- NOI / YR 130000
- Taxes / YR 14000
- # of Floors 4
- Property Tenancy Multi-Tenant
- Year Built 1931
- Year Renovated 2015
- Date Updated Mar 20, 2024
- Construction Type brick
Brick 7 Family & 1 Retail Store on Flatbush Avenue , 1 block walk to entrance of Prospect Park
and the Q Train subway entrance.
7 two bedroom apartments, 6 apartments were renovated with new kitchens, baths, windows, etc. 2010-2022.
New gas central boiler 2021, New roof 2018, New hot water tank 2023, New entrance door,
4 Free market apartments, 3 rent stabilized ( 1 vacant apt.)
Store is month to month and has no lease , pays added rent-$3800.00 / year for water and real estate taxes.
Building is located in prime Prospect Park / Lefferts Gardens , close to all restaurants, shopping , banking NYC Buses.
Net income now $ 131000 /yr. 6.0 % Cap Rate
With the 4 free market apartments and 1 preferential rent the projected net income is $181,000 this a 8.0 %+ cap rate !.
Possible duplex unit with store and 2nd. front (vacant unit ) for owner user / business professional duplex.
Contact J. Orlando Realty Co. Must have proof of funds- Bank statement or Stock / Bond portfolio preferred.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prospect Park Lefferts
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Prospect - Lefferts Gardens
- Zip Code 11225
- Market Brooklyn
Points of Interest
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Prospect Park
0.22 miles
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Parkside Avenue
0.24 miles
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Winthrop Street
0.57 miles
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Church Avenue
0.58 miles
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Sterling Street
0.61 miles
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Church Avenue
0.81 miles
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Botanic Garden
0.83 miles
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President Street–Medgar Evers College
0.84 miles
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Franklin Avenue
0.84 miles
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Eastern Parkway - Brooklyn Museum
0.93 miles
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BP
0.19 miles
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BP
0.48 miles
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BP
0.72 miles
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Tesla Supercharger
0.79 miles
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EVgo
0.89 miles
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7-Eleven
1.07 miles
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Shell
1.14 miles
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Mobil
1.25 miles
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BP
1.31 miles
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plugNYC
1.36 miles
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The Brooklyn Museum and Botanic Garden
0.84 miles
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Kings County Parking Garage
1.07 miles
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Car Park Systems
1.12 miles
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Rapid Park
1.12 miles
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Ultra Car Park Systems
1.18 miles
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Garfield Garage
1.31 miles
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Underhill Garage
1.33 miles
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Cielo Garage
1.70 miles
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Pathmark
2.00 miles
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Eastern Fruits and Vegetables
2.15 miles
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Brooklyn Vybe Hotel, Ascend Hotel Collection
0.89 miles
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The Brooklyn Riviera Hostel
1.22 miles
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The Brooklyn Hotel
1.48 miles
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Best Western
1.49 miles
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La Quinta
1.50 miles
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Hotel le Bleu
1.71 miles
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Days Inn
1.74 miles
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Towneplace Suites
1.79 miles
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La Quinta
1.83 miles
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Holiday Inn Express Brooklyn
1.83 miles
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Associated
0.09 miles
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Lincoln Market
0.16 miles
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Wholesome Gourmet Market
0.16 miles
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Pioneer
0.23 miles
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Western Beef
0.31 miles
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Ideal Food Basket
0.35 miles
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Key Food
0.36 miles
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Food Town
0.62 miles
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Bob & Betty's Food Market
0.77 miles
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Ideal Food Basket
0.81 miles
In-Depth Research Available for this Property
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Contact Listing Broker
James Orlando
St. James Realty Co. LLc.
(718) 256-5100