tomo logo

$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

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