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259 Linden Boulevard
Flatbush, New York
$1,250,000 Price
12 Bedrooms   6.5 Baths
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Photo 1 of 259 Linden Boulevard, Flatbush, New York, $1,250,000, Web #: 1073106356Previous PhotoNext Photo1 of 4

259 Linden Boulevard, Flatbush, New York

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...

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

Courtesy of Berkshire Hathaway HomeServices New York Properties

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Flatbush, New York
Type: Townhouse
Price: $1,250,000
Re Tax: $15,804
Web ID: 1073106356

Info & Amenities

Type: Townhouse
Rooms: 20.0
Bedrooms: 12
Full Bathrooms: 6
Half Bathrooms: 1.0
Built: 1931
Pets allowed: Yes

Map of Area for 259 LINDEN Boulevard

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-833-312-0654 for assistance. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS does not require a homebuyer to sign an exclusive brokerage agreement requiring the homebuyer to work only with BHS on all properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2024 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.