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$3,824,333
List Price: $3,850,000
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422 East 31st Street
Townhouse in Flatbush •  building info
14bd • 14ba • 8,764ft² $439 per ft²
Buy with Yoreevo

$3,824,333

List Price

$3,850,000

Key Details
Days on market
73
Last price change
loading...
Estimated payment
$22,765
Taxes
$291
Monthly maintenance
N/A
Description
Welcome to 422 E 31 St, Brooklyn, a fantastic investment opportunity in the vibrant Flatbush neighborhood of Brooklyn! This 10-unit residential apartment building was fully renovated in 2024, boasting modern interiors and amenities spanning 8,764 square feet. Each unit features hardwood floors, beautiful white kitchens with stainless steel appliances, and spacious interiors, providing residents with comfortable and contemporary living spaces. The building offers additional amenities, including a laundry room for residents' convenience, a rooftop with stunning views, large open cellar - great for common recreational use, and five parking spaces for added convenience. Benefitting from a 35-year 421-A Tax Abatement (pending), this property presents an excellent opportunity for investors looking to expand their portfolio. All ten apartments are leased, offering immediate income potential. Less than 500 ft away is the MTA 2 & 5 trains making transportation a breeze! The neighborhood boasts a mix of residential streets lined with historic brownstones and a wide variety of dining and shopping options. Flatbush is also home to several cultural institutions, including the Brooklyn College campus and the historic Kings Theatre, which hosts concerts, performances, and events. With easy access to public transportation, including multiple subway lines and bus routes, Flatbush offers residents convenient connections to the rest of Brooklyn and Manhattan. Additionally, the neighborhood is bordered by Prospect Park, providing plenty of green space and outdoor recreational opportunities for residents to enjoy. Contact us for more information regarding the rent roll and expenses. Don't miss out on this fantastic opportunity to own a fully renovated, income-producing property in the heart of Flatbush, Brooklyn!

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Important Stuff
Pets allowed
Listing Amenities
Hardwood floors
Central Air
Building Amenities
Fios Available
Parking Available
Laundry in Building
Outdoor Space
Roof Deck
Building info

History
What it'll cost
Purchase price
$3,850,000
Asking Price: $3,850,000
Term
30 Years
Down Payment
$385,000 (10%)
Min: 10% (385,000)
Rate
6.75 %
Mortgage Amount
$3,465,000
Mortgage Payment
$22,474
Taxes
$291
Estimated Yoreevo rebate
$25,667
Estimated closing cost
$147,000
Total monthly cost $22,765
Buy your dream home with us and get an estimated
$25,667 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Compass

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