Vacant. 3 Unit Multi-Family Building. Nearby Prospect Lefferts Gardens.

I 3 Free Market Units.I Projected 8% Cap Rate I 3% Co-Broke to Buyers AgentI

The strong demand for sales and rentals continues to drive the residential market in East Flatbush, offering investors the opportunity to acquire an asset with considerable long-term upside as either a long-term rental property or condominium conversion in the coming years. New York Avenue and 34th Street cross streets.

First floor – 3 bedroom | 1 Bath + Garden
Second floor – 4 Bedroom | 1 Bath
Third Floor– 4 Bedroom | 1 Bath

Building to be delivered vacant. Currently 2 vacancies. Total 3500 Square Feet.

3 Families of this kind rarely find their way to the market in today’s competitive climate. Immediate cash flow from beginning of investment.

The full basement is currently underutilized and can converted into common space for the tenants in the form of laundry, storage, bike storage and even fitness amenities. The potential to duplex the basement and the first floor must be consulted with an architect.

The owner’s expenses only include taxes, insurance, gas, and water creating an attractive 8% cap rate. Protect yourself against inflation and park your money in this multifamily investment.
Motivated Seller. Easy Access. Seller will provide 6% sellers concession for closing costs.

Built 1910
Building Size: 20×50
Square footage: 3500
Lot Size: 20×100
Zoning: R5
Taxes: $6782.00