Buy with Yoreevo
$1,235,000
List Price: $1,250,000
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259 Linden Boulevard
Condo in Flatbush •  building info
12bd • 6.5ba
Buy with Yoreevo

$1,235,000

List Price

$1,250,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
23
Last price change
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Estimated payment
$8,614
Taxes
Monthly common charges
$0
Description
Investors and developers, take note! Cash-flowing asset "Turn Key Rent Stabilized Building" 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). Besides its current cash flow, there's tremendous potential for growth. 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. 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. Don't miss out on this prime turnkey investment or portfolio addition! - The roof and building are in overall great condition - Storage space available in the basement - The boiler is 7 years old - New electric sub-panels (Apt 1R & 1L 50amps) - Lot Size: 26ft x 126.8ft (3,298) - Building Class: C2 - Year Built: 1931 - Zoning: R7-1, C1-3

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History
What it'll cost
Purchase price
$1,250,000
Asking Price: $1,250,000
Term
30 Years
Down Payment
$125,000 (10%)
Min: 10% (125,000)
Rate
6.75 %
Mortgage Amount
$1,125,000
Mortgage Payment
$7,297
Common Charges
$0
Taxes
$1,317
Estimated Yoreevo rebate
$15,000
Estimated closing cost
$48,000
Total monthly cost $8,614
Buy your dream home with us and get an estimated
$15,000 rebate.
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Listing Courtesy of Berkshire Hathaway

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