Commercial Sale in Flatbush, Brooklyn, NY 11226 | Web ID: PH529642 | $3,575,000

Calling all investors, developers & end-users!!! 100% occupied 8. 94 cap 19 unit apartment building in brooklyn for sale!!! The building features great exposure, excellent signage, strong r7a zoning, 6 parking spaces, high 10' ceilings, all new led lighting, a/c, +++!!! The property is located in the heart of brooklyn just 1 block from rt. 27 near prospect park lake & the brooklyn museum!!! Neighbors include ups, fedex, cubesmart self storage, target, shoprite, autozone, bank of america, optimum, blink fitness, planet fitness, key food, dunkin', walgreens, mcdonald's, bp gas, taco bell, duane reade, dollar tree, five below, subway, national wholesale liquidators, aldi, ihop, wendy's, kfc, +++!!! This property offers huge upside potential!!! This could be your next development site or a nice addition to your investment portfolio!!! Income: apt. 1a (3 br. , 1 bath): $38, 400 ann. (available) apt. 1b (2 br. 1 bath): $15, 996. 36 ann. ; lease exp. : 12/31/23. Apt. 1c (2 br. 1 bath): $16, 512. 72 ann. ; lease exp. : 5/31/24. Apt. 1d (2 br. 1 bath): $15, 271. 44 ann. ; lease exp. : 3/31/24. Apt. 2a (1 br. 1 bath): $14, 223. 48 ann. ; lease exp. : 12/31/23. Apt. 2b (2 br. 1 bath): $15, 877. 32 ann. ; lease exp. : 3/31/25. Apt. 2c (2 br. 1 bath): $13, 372. 72 ann. ; lease exp. : 10/31/25. Apt. 2d (2 br. 1 bath): $17, 496. 24 ann. ; lease exp. : 8/31/24. Apt. 2e (1 br. 1 bath): $15, 069. 36 ann. ; lease exp. : 3/31/24. Apt. 3a (2 br. 1 bath): $24, 972 ann. ; lease exp. : 9/30/25. Apt. 3b (3 br. 1 bath): $37, 727. 52 ann. ; lease exp. : 8/31/24. Apt. 3c (2 br. 1 bath): $17, 674. 32 ann. ; lease exp. : 8/31/25. Apt. 3d (2 br. 1 bath): $18, 054. 96 ann. ; lease exp. : 1/31/24. Apt. 3e (1 br. 1 bath): $9, 181. 80 ann. ; lease exp. : 1/31/24. Apt. 4a (1 br. 1 bath): $8, 503. 08 ann. ; lease exp. : 7/31/24. Apt. 4b (3 br. 1 bath): $ 38, 751. 24ann. ; lease exp. : 8/31/24. Apt. 4c (2 br. 1 bath): $17, 682 ann. ; lease exp. : 4/30/24. Apt. 4f (1 br. 1 bath): $32, 388 ann. ; lease exp. : 12/31/23. Apt. 4g (2 br. 1 bath): $35, 940 ann. ; lease exp. : 7/31/24. Gross income: $403, 064. 56 ann. Expenses: heat: $8, 513 ann. Electric: $4, 721 ann. Maintenance & repairs: $2, 739 ann. Water & sewer: $9, 874. 52 ann. Insurance: $18, 847. 61 ann. Taxes: $38, 707. 32 ann. Total expenses: $83, 402. 45 ann. Net operating income (noi): $319, 662. 11 ann. (8. 94 cap!!! )