$1,250,000
- Beds
- 12
- Baths
- 7.0
- sq ft
- 1,716
259 Linden Blvd, Brooklyn, NY 11226
259 Linden Blvd
New York City, NY 11226
- 62 days on market
<p><span>Investors and developers, take note! Cash-flowing asset "Turn Key Rent Stabilized Building"</span></p><p><span></span></p><p><span>A fully occupied 6-unit building in the heart of Flatbush Brooklyn is up for sale in a rapidly gentrifying neighborhood. This property is a reliable source of cash flow, generating $89,368 in Gross Income annually with occupants who treat the building as their own. Each unit offers 2 bedrooms, 1 bathroom, and around 700 sq. ft. (total of 12 bedrooms).</span></p><p><span></span></p><p><span>Besides its current cash flow, there's tremendous potential for growth. </span></p><p><span>Zoned R7-1, C1-3, with 6,398 unused FAR, there's room for development or opportunity to sell air rights down the line. Conveniently located at Linden Blvd/Nostrand Ave, by Prospect Park, various train lines, hospitals, Brooklyn Museum, and shopping centers, this property is centrally positioned in Brooklyn's vibrant scene.</span></p><p><span></span></p><p><span>If you're looking for an income-generating investment with potential, this is it! It is right by Rt. 27, and minutes from the BQE.</span></p><p><span></span></p><p><span>Don't miss out on this prime turnkey investment or portfolio addition!</span></p><p><span></span></p><p><span>- The roof and building are in overall great condition </span></p><p><span>- Storage space available in the basement</span></p><p><span>- The boiler is 7 years old</span></p><p><span>- New electric sub-panels (Apt 1R & 1L 50amps)</span></p><p><span>- Lot Size: 26ft x 126.8ft (3,298)</span></p><p><span>- Building Class: C2</span></p><p><span>- Year Built: 1931</span></p><p><span>- Zoning: R7-1, C1-3</span></p>
Details
Property type
Townhouse
Lot size
Unknown
Price per sq ft
$729
Year built
1931
Annual property taxes
$15,804
Price History
04/29/2024
![REBNY](/_next/static/media/REBNYLogo.1891f544.png)
REBNY #RPLU-798322983385
Listed
$1,250,000
Schools & Community
Neighborhood:
Flatbush
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 06/30/2024 at 2:25 PM
Listing updated: 04/29/2024 at 10:55 AM
Listed by: Doron Berenholtz, Berkshire Hathaway HomeServices New York Properties Phone #: (212) 710-1900
MLS: REBNY #RPLU-798322983385
![REBNY logo](/_next/static/media/REBNYLogo.1891f544.png)
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