259 Linden Boulevard,
#1,
Brooklyn,
NY
11226
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.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.- 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, C1-3Don?t miss out on this prime turnkey investment or portfolio addition!READ FULL DESCRIPTION
