1742 Flatbush Avenue, Brooklyn, New York 11210
- $950,000
- 1,980
- SqFt
- List Price
- $950,000
- Status
- ACTIVE
- MLS#
- 497443
- Sq. Ft
- 1,980
- Year Built
- 1920
Property Description
Welcome to this well-positioned mixed-use investment property in the Flatlands. This attached building, situated on an 18 x 72 foot lot with building size of 18 x 55 foot footprint, is perfectly configured with a grocery store occupying the first floor and basement, and a two-bedroom apartment on the second floor. The commercial space provides stable income with a current monthly rent of $3,100 and one year remaining on its lease, while the residential unit offers flexibility and upside with a month-to-month tenancy at $1,700 per month. Zoned R5 with a C2-2 overlay, the property is ideally permitted for its current use. Its excellent location is highlighted by being just two blocks from Kings Highway. With annual gross income of $57,600 and a low annual tax bill of only $3,189, this asset represents a strong cash-flowing opportunity.
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Additional Information
- Lot Size
- 1,295
- Stories
- 2
- Parking Description
- None
- Heat Source
- Gas
- Year Built
- 1920
- Zoning
- R5
- Sale Type
- Arm's Length
- Bank Financing
- Bank Mortgage, Cash
- Building Type
- Attached
- Year Built
- 1920
- Basement
- Full
- Lot Dimensions
- 72 x 18
- Building Dimensions
- 55.00 x 18.00
- Estimated Yearly Tax Amount
- $3,189
Mortgage Calculator
Listing courtesy of Tiger Realty.