5022 Avenue D new Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11203
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $531
MLS Listing ID 494393
Year Built 1931
Annual Tax Amount $21,332
Property Sub-Type Mixed Use
Property Description
Unique Investment Opportunity in East Flatbush, Brooklyn**
Welcome to an exceptional income-generating property nestled in the heart of East Flatbush, Brooklyn. This all-brick corner property offers a diverse mix of residential and commercial spaces, making it a prime investment for discerning buyers.
**Residential Units: **
- **Two-Family Configuration: **
- **Unit 1: ** Spacious 3-bedroom unit, meticulously renovated with modern finishes.
- **Unit 2: ** Cozy 1-bedroom unit, also fully updated to meet contemporary standards.
- Both units are currently tenant-occupied, ensuring immediate rental income.
- Each tenant is responsible for their own heat, hot water, and electricity, offering hassle-free property management.
- Brand new plumbing and electric systems installed in both units, providing peace of mind and efficiency.
**Additional Property Features: **
- Includes a garage, adding significant value for potential commercial uses or tenant convenience.
- The property boasts new high-efficiency boilers, ensuring reliable and cost-effective heating.
- Situated on a prominent corner lot, offering high visibility and accessibility for commercial tenants.
**Investment Highlights: **
- The purchase includes an option to acquire the property through the existing LLC, which holds a long-term mortgage with a favorable low interest rate. This structure could offer significant financial advantages and facilitate a smoother transaction process.
Don't miss out on the chance to own this versatile and lucrative real estate investment in a vibrant Brooklyn neighborhood. Whether you're looking to expand your portfolio or start a new business venture, this is a perfect opportunity. Contact us today to schedule a viewing and explore the potential of this remarkable property!
Location
State NY
County Kings (brooklyn)
Area East Flatbush
Zoning R4
Rooms
Basement Semi-Finished
Interior
Interior Features Other
Hot Water Gas
Heating Gas
Flooring Hardwood,Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash