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1137 Flatbush Ave

New York NY 11226

12
4
5170 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Welcome to 1137 Flatbush Avenue, a 3-story mixed-use building property in the bustling neighborhood of Flatbush, Brooklyn. This income-producing property comprises 4 large free-market residential apartments and two retail units spread across 5,170 sqft. Each residential unit includes (3) bedrooms, a renovated kitchen/ renovated bathroom, and features exposed brick in the bedrooms. 1137 is an excellent acquisition for an investor looking for a property with a stable income and the opportunity to add value. The current cap rate of 6% can be expected to reach 7+% with small increases for the residential units and retail. An investor also has a development opportunity with the property in an R7A/C2-4 zoning, 3,500 SF of additional air rights. The property is conveniently located near shopping, restaurants, entertainment, and the historic Kings Theatre. The Beverly Road 2 and 5 trains are a five-minute walk. The Cortelyou Road Q train is in close proximity as well.

Features

12 bedrooms
4 bathrooms
5170 sq. ft. floor area
Multi-Family

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Local market activity for 12 bedroom multi families in New York

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Sales:
(619) 566-0008
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