$1,498,000

Estimated payment $8,971/month

Total Views 196
-- Bed
-- Bath
3,420 Sq Ft
$438 Price per Sq Ft

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back Yard
  • Ditmas Junior High school Rated A-

About This Home

Exceptional Investment Opportunity - Can be combined with 1368 Flatbush Ave (three big garages at the rear of the building). Situated in the up-and-coming development area of Flatbush Brooklyn, This property features: Ground floor; fully leased to a restaurant, generating stable income. Second and third Floor: Two spacious recently renovated 3- bedroom 1 bathroom and big living / dining room combo residential apartments, modern finishes and strong rental income. This property boasts R7A, C2-4 Zoning with tremendous potential for investment. Don't miss out on this fully functional 3 story and full basement mixed-use building perfectly situated in a sought-after most dynamic neighborhoods.

Listing Agent

Shu Yan Lin

E House Realty & Mgt. Inc. Listed on: 05/25/2025

Co-Listing Agent

Zhongzh (Paul) Chen

E House Realty & Mgt. Inc.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,026

Year Built

  • Built in 1933

Lot Details

  • Lot Dimensions are 80 x 20
  • Back Yard
  • Property is zoned R7A,C2-4

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Stone Foundation

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Block 5226

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $4,500
  • Gross Income $1,425,600

Property Details

Property Type

Other

Est. Annual Taxes

$7,026

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1100
  • Building Length: 55.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117390
  • Co List Office Phone: (718) 680-2776
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Kitchen
  • Confirmed By M L S Y N: Yes
  • Cross Street: East 26th St
  • Cross Street Name2: Farragut Rd
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Street Name I D X: Flatbush
  • Street Number I D X: 1366
  • Waterfront Present: No
  • Year Built: 1933
  • Special Features: None

Interior Features

  • Flooring: Hardwood

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Stone
  • Lot Number: 23
  • Roof: Other

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20
  • Zoning: R7A,C2-4

Rental Info

  • Rent Income: 118800

Multi Family

  • Annual Gross Expense: 28800.00
  • Annual Gross Income: 1425600
  • Insurance Expense: 4500.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 7026.00

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
2024 $7,027 $73,140 $12,540 $60,600
2023 $6,703 $79,740 $12,540 $67,200
2022 $6,520 $76,260 $12,540 $63,720
2021 $6,684 $70,980 $12,540 $58,440
2020 $3,135 $60,540 $12,540 $48,000
2019 $479 $52,620 $12,540 $40,080
2018 $5,607 $27,504 $7,864 $19,640
2017 $5,548 $27,216 $8,340 $18,876
2016 $5,291 $26,467 $8,471 $17,996
2015 $3,097 $24,969 $9,593 $15,376
2014 $3,097 $24,295 $11,086 $13,209
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2025 05/25/25 For Sale $1,498,000 -- $438 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $990,000 --
Deed $990,000 --
Deed $740,000 --
Deed $740,000 --
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,160,000 Unknown
Previous Owner $168,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 492962

Brooklyn Board of REALTORS®

APN: 05226-0023