$1,200,000

Estimated payment $8,004/month

Total Views 162
-- Bed
6 Baths
5,280 Sq Ft
$227 Price per Sq Ft

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back Yard
  • Brick Front

About This Home

Located in the heart of East Flatbush, is a solidly built and well-maintained
income-producing brick building offering investors strong upside and
minimal operating expenses. Positioned on a quiet residential block between Kings
Highway and Clarkson Avenue, this stately three-story property is surrounded by
neighborhood conveniences, transit options, and long-term rental demand.

The building features six spacious two-bedroom apartments spread across 5,280 square
feet of rentable space, providing an excellent mix of unit size and layout for tenant
retention and cash flow stability. With a frontage of 22 feet and situated on a 22 x 100-
foot lot (2,700 SF), the property combines efficient land use with lasting construction
quality.

This is an exceptional opportunity for both seasoned and first-time multifamily investors
to acquire a turnkey property in a high-demand rental market. Whether held for long-term
income or added to an existing portfolio, 3this property presents a reliable
and well-positioned investment asset in one of Brooklyn’s most resilient neighborhoods.

Listing Agent

Lamar Collins

Vanguard R E Brokerage Group Listed on: 08/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,589

Year Built

  • Built in 1931

Lot Details

  • 2,700 Sq Ft Lot
  • Lot Dimensions are 100 x 27
  • Back Yard

Home Design

  • Block Foundation
  • Asphalt Roof
  • Brick Front

Interior Spaces

  • 6 Full Bathrooms
  • 5,280 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Partially Finished Basement
  • Walk-Out Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 4649

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,700
  • Utility Expense $2,550
  • Gross Income $104,436
  • Net Operating Income $66,706

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,589

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Semi-Finished, Separate Entrance
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1760
  • Building Length: 80.00
  • Building Width: 22.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Clarkson Av
  • Cross Street Name2: Lenox Rd
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 5280
  • Building Stories: 3
  • Street Name I D X: 94th
  • Street Number I D X: 315
  • Year Built: 1931
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Flooring: Hardwood
  • Lot Sq Ft: 2700

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick Face
  • Foundation Details: Block
  • Lot Number: 54
  • Roof: Asphalt/Tar

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 27
  • Zoning: R6

Rental Info

  • Rent Income: 8703

Multi Family

  • Annual Gross Expense: 37719.00
  • Annual Gross Income: 104436
  • Insurance Expense: 2700.00
  • Miscellaneous Expense: 10000.00
  • Property Net Operating Income: 66706.00
  • Unit Count: 6
  • Annual Utility Expenses: 2550.00

Tax Info

  • Flip Tax Amount: 17589.00

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 For Sale $1,200,000 -- $227 / Sq Ft
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 494881

Brooklyn Board of REALTORS®

APN: 04649-0054