Property Listing No Longer Available for Sale

1428 Flatbush Ave, Brooklyn, NY

Others for Sale - $2,900,000

Property Info

  1428 Flatbush Ave
  Brooklyn NY 11210
UpdatedMay 6th, 2018

Property Description

Perfect investment in a booming area! Great 3 level plus basement mixed-use building, located at the vibrant commercial intersection of Flatbush Av, Rogers Av. and Farragut Rd. The 1st floor encompasses a massive medical office (used by the owner), that could be easily subdivided to maximize the rental income. The upper 2 residential floors encompass 2 large two beds and two three beds apartments. All units are in terrific shape, with excellent natural light. The property could be delivered vacant. The current rent roll on the free market residential units and the potential high rent for the commercial space could easily project a cap rate north of seven %. More than 6,000 square ft of air rights available! Just 2 blocks from the two and 3 trains at the Flatbush Av./Brooklyn College station. Sold in "As Is" condition. Building size 30'x65', Lot Size 30'x100', Year constructed 1933, Taxes $6,658<br />

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