5221 Flatlands AVE Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11234
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY807492
Originating Board onekey2
Rental Info No
Year Built 2009
Annual Tax Amount $128,531
Property Sub-Type Multi Family
Property Description
Located in the Old Mill Basin Section of Brooklyn. Wonderful Brick 24 Unit fully occupied. LOTS OF POTENTIAL. Viewing By appt. 16 Parking spots below building. Tenants pay All utilities except water. Separate HVAC units and Hot water tanks. 15 Year Tax abatement expired. Low common area expenses. Great for Investor 1031 exchange. Projected Potential income parking income (16) $67,200 yr ($350per) Storage units (10) $33,000yr ($275 per) Laundry Room $9k yr($750 Outsourced Mthy) Total Additional Potential income $109,200 NOI $478,505 Proj. cap 5
Location
State NY
County Kings (brooklyn)
Rooms
Basement None
Interior
Heating ENERGY STAR Qualified Equipment,Forced Air,Hot Air
Cooling Central Air,ENERGY STAR Qualified Equipment,Separate Meters
Fireplace No
Exterior
Parking Features Underground
Fence Front Yard
Utilities Available Cable Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick,Cedar,Foam Insulation,Frame
Schools
Elementary Schools Ps 236 Mill Basin
Middle Schools Jhs 78 Roy H Mann
High Schools Midwood High School
School District Brooklyn 22
Others
Special Listing Condition Real Estate Owned