259 Linden Boulevard
Brooklyn, NY, 11226 $ 1,250,000
Bedrooms12 Baths6.1 Sq 1,716 Monthly Estimate*
$ 8,732
for $1,250,000 with 12 bedrooms and 6 full baths, 1 half bath. This 1,716 square foot home was built in 1931.
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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FeaturesGeneralCooling WindowUnits
Garage Spaces 0.0
Patio/Porch Features None
Pets Allowed BuildingYes No
Year Built 1931
View Other
Property SubType Townhouse
County Kings
New Construction No
Property Type Residential
Subdivision Name Flatbush
Garage Y/N No
Building Features GreenBuilding
Total Rooms 20
City NewYorkCity
View Y/N No
Total Units 6
Street Name LINDEN
Land Lease Y/N No
Tax Annual Amount 15804.0
Structure Type Townhouse
Building Area Units SquareFeet
Standard Status Active
Tax Lot 0101
Expected Active Date 2024-04-29
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InteriorBasement Other
Total Stories 3
Basement (Y/N) No
Air Conditioning Y/N Yes
Fireplace Y/N No
Full Baths 6
Half Baths 1
Street Suffix Boulevard
Laundry Features InUnit
Total Bedrooms 12
Entry Level 1
Total Baths 7
Living Area Units SquareFeet
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ExteriorLot Size Area 3302.0
Building Area Total 1716.0
Lot Dimensions 127.00x26.00
Lot Size Units SquareFeet
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* Excluded FeaturesList ByDoron BerenholtzListing Agent
Berkshire Hathaway Homeservices New York PropertiesBroker
Affordability Calculator
- Monthly Principal & Interest
- $8,732
- Monthly Property Taxes
- $1,317
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Brooklyn, NY
Average List Price $1,664,247
Percent of Sale Price 33%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1503813 Elementary School
1503814 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/29/2024 | $1,250,000 | | Listed Price |