$1,200,000

Estimated payment $7,204/month

Total Views 6,698
8 Beds
5 Baths
3,270 Sq Ft
$367 Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to Newkirk Avenue (2,5 Line)
  • Baseboard Heating
  • J.H.S. 278 Marine Park Rated A-
  • Multiple cooling system units
  • 5-minute walk to Nostrand Playground

About This Home

Welcome to this exceptional investment opportunity in the heart of Flatbush, Brooklyn! This well-maintained 3-family home presents a lucrative prospect with its generous rental income potential. The first unit offers a comfortable layout with 2 bedrooms and 1 full bathroom, providing a cozy living space that appeals to tenants seeking both comfort and convenience. The second and third units feature spacious layouts with 3 bedrooms and 2 full bathrooms each. One of the standout features of this property is the carport parking. Additionally, the finished basement offers extra functional space, perfect for various purposes. Its proximity to the Nostrand Playground, supermarkets, restaurants, and shops further enhances its appeal, offering tenants an array of entertainment and necessities within arm's reach. For commuters, the strategic location provides easy access to transportation, with the Newkirk Ave station offering the 2 and 5 trains just moments away. Schedule your showing today and take a step towards making this remarkable property your own!

Listing Agent

Kevin Lam

Momentum Real Estate LLC Listed on: 02/02/2025

Co-Listing Agent

Ronald Chui

Momentum Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,991

Year Built

  • Built in 2003

Lot Details

  • 2,050 Sq Ft Lot
  • Lot Dimensions are 102 x 20
  • Front Yard

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 3,270 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Stove
  • Finished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Parking

  • 1 Parking Space
  • Carport

Utilities

  • Multiple cooling system units
  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5214

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $3,800
  • Insurance Expense $2,500
  • Utility Expense $1,500
  • Gross Income $111,600
  • Net Operating Income $93,109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,991

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 5.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Beds Total Level1: 2
  • Beds Total Level2: 3
  • Beds Total Level3: 3
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1100
  • Building Length: 55.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117770
  • Co List Office Phone: (718) 382-0001
  • Confirmed By M L S Y N: Yes
  • Cross Street: Newkirk Av
  • Cross Street Name2: Foster Av
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Number Of Families: 3
  • Parking Attributes: 1 Space
  • Parking Feature Single: Carport
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Rent Income Period: 9300
  • Residential Features: Refrigerator, Stove, Other
  • Rooms Total Level1: 5
  • Rooms Total Level2: 6
  • Rooms Total Level3: 6
  • Fill Sq Ft Total: 3270
  • Building Stories: 3
  • Street Name I D X: Rogers
  • Street Number I D X: 1271
  • Year Built: 2003
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 5
  • Total Bedrooms: 8
  • Flooring: Hardwood
  • Lot Sq Ft: 2050
  • Total Rooms: 17

Exterior Features

  • Yard: Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 71
  • Roof: Rubber, Other

Utilities

  • Air Conditioning Units: 2
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3800.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 102
  • Lot Size Width: 20
  • Zoning: R6

Rental Info

  • Rent Income: 111600

Multi Family

  • Annual Gross Expense: 18491.00
  • Annual Gross Income: 111600
  • Insurance Expense: 2500.00
  • Property Net Operating Income: 93109.00
  • Unit Count: 3
  • Annual Utility Expenses: 1500.00

Tax Info

  • Flip Tax Amount: 7991.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,979 $49,320 $20,520 $28,800
2024 $7,979 $58,020 $20,520 $37,500
2023 $8,068 $71,220 $20,520 $50,700
2022 $7,861 $64,200 $20,520 $43,680
2021 $7,808 $53,580 $20,520 $33,060
2020 $3,613 $64,980 $20,520 $44,460
2019 $6,877 $52,260 $20,520 $31,740
2018 $4,281 $34,272 $16,602 $17,670
2017 $4,281 $34,014 $14,308 $19,706
2016 $4,198 $32,089 $16,282 $15,807
2015 $2,867 $30,273 $19,710 $10,563
2014 $2,867 $28,560 $21,720 $6,840
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2025 02/02/25 For Sale $1,200,000 -- $367 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Interfamily Deed Transfer -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $6,715 No Value Available
Previous Owner $121,500 No Value Available
Source: Public Records

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Source: Brooklyn Board of REALTORS®

MLS Number: 488964

Brooklyn Board of REALTORS®

APN: 05214-0071