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$3,762,000
List Price: $3,800,000
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576 Lenox Road
Townhouse in East Flatbush •  building info
14bd • 12ba • 8,044ft² $472 per ft²
Buy with Yoreevo

$3,762,000

List Price

$3,800,000

Key Details
Days on market
22
Last price change
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Estimated payment
$21,883
Taxes
$266
Monthly maintenance
N/A
Description
Incredible Investment Opportunity: Fully leased, 8-Unit New Development For Sale at 576 Lenox Road. This brand new, 4 story, boutique, rental building is located on a beautiful tree-lined street in the heart of East Flatbush, just down the road from the prestigious SUNY Downstate Medical Center, and in close proximity to Prospect Park and the Winthrop 2, 5 subway line. Built on a 60x90 ft. lot, this stand-alone building has tons of curb appeal with its gated and manicured property flanked by two stunning Sycamore trees. Built to approximately 8044 sq. ft. with eight comfortable and generously sized homes designed to please even the most discerning renter. Comprised of two, 1 BR apartments with large private terraces, two 2 BR, 1.5-bathroom apartments, and four 2BR/2Bath apartments there is something for everyone. Featuring smart layouts with plenty of room for living, dining and more. Gorgeous hardwood floors run throughout the homes, and high ceilings, floor to ceiling windows and 3 exposures keep the apartments bright and airy all day long. The stylish modern kitchens boast ample storage and are equipped with a high-end appliance package including stainless steel dishwashers, refrigerators, microwaves and gas ranges. The bathrooms are clean and sophisticated and every apartment has a bathtub. The spacious bedrooms have large closets and will accommodate either king- or queen-sized beds. Zoned heating and cooling and video intercom systems complete the apartment packages. A central laundry room and bike storage are available for renters as well. Four, gated and covered, double parking spaces plus another 3 uncovered parking spaces are available On-site bringing in additional rental income as well. 35 Year, 421-A Tax Abatement in place. Current rent roll boasts a 6.5% Cap Rate. Please inquire for more information or for a Set Up

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Important Stuff
Washer/Dryer in unit
Building Amenities
Garage Parking
Parking Available
Outdoor Space
Terrace
Building info

History
What it'll cost
Purchase price
$3,800,000
Asking Price: $3,800,000
Term
30 Years
Down Payment
$380,000 (10%)
Min: 10% (380,000)
Rate
6.5 %
Mortgage Amount
$3,420,000
Mortgage Payment
$21,617
Taxes
$266
Estimated Yoreevo rebate
$38,000
Estimated closing cost
$144,000
Total monthly cost $21,883
Buy your dream home with us and get an estimated $38,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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