606 Flatbush Avenue, Brooklyn, NY 11225
$1,950,000
Active for Sale
Listing ID |
11220398 |
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Property Type |
Multi-Unit (5+) |
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County |
Kings |
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Township |
Kings |
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Neighborhood |
Prospect Lefferts Gardens |
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Total Tax |
$16,000 |
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Tax ID |
5026/154 |
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FEMA Flood Map |
fema.gov/portal |
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Year Built |
1926 |
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Mixed Use Renovated Building Prospect Lefferts Gardens Brooklyn
Prospect Park Lefferts Gardens Mixed Use building Fantastic location 7- two bedroom apartments plus 1 Retail Store on ground floor , 6 apartments are renovated with all new kitchens .& bathrooms, floors, walls windows etc. One apartment is vacant . Four apartments are decontrolled , 2 are rent stabilized, one is a preferential rent that will go to market rent at the next vacancy. Store has no lease and pays $2500.00 per year for RE Tax and $ 875 per year for water tax. There is a new central gas boiler , new hot water tank , new roof , all new windows with the new renovations . Tenants pay online. Actual Net Rent Income $131,00 Approx 6.3 Cap . not including the vacant apartment. Potential Net Rent income $181,000.00, 8.4 Cap Call Listing Broker to show. All Buyers MUST provide Proof of Funds before showing date.
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- 7 Full Baths
- Built in 1926
- Renovated 2016
- 4 Stories
- Available 11/09/2023
- Lower Level: Unfinished
- Renovation: 6 of the 7 apartments have all been renovated with new kitchens / bathrooms, flooring ,sinks, cabinets etc. New Burnham Gas boiler , New Hot water tanks , new roof, all new windows .
- Masonry - Brick Construction
- Brick Siding
- Rubber Roof
- Municipal Water
- Municipal Sewer
- Near Bus
- Near Train
- Gross Income $155,000
- Maintainence Exp $5,000
- Insurance Exp $5,400
- Heat Exp $6,000
- Electric Exp $1,200
- Water Exp $9,000
- Misc Exp $15,336
- Total Exp $41,936
- Paid by Landlord: Electric, Heat, Gas, Cleaning, Insurance
- $16,000 City Tax
- $16,000 Total Tax
Listing data is deemed reliable but is NOT guaranteed accurate.
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