5022 Avenue D East Flatbush, NY 11203
East Flatbush NeighborhoodEstimated payment $9,711/month
Highlights
- Wood Flooring
- Heating System Uses Steam
- Back Yard
- 2 Car Attached Garage
About This Home
Unique Investment Opportunity in East Flatbush, Brooklyn**
Welcome to an exceptional income-generating property nestled in the heart of East Flatbush, Brooklyn. This all-brick corner property offers a diverse mix of residential and commercial spaces, making it a prime investment for discerning buyers.
**Residential Units: **
- **Two-Family Configuration: **
- **Unit 1: ** Spacious 3-bedroom unit, meticulously renovated with modern finishes.
- **Unit 2: ** Cozy 1-bedroom unit, also fully updated to meet contemporary standards.
- Both units are currently tenant-occupied, ensuring immediate rental income.
- Each tenant is responsible for their own heat, hot water, and electricity, offering hassle-free property management.
- Brand new plumbing and electric systems installed in both units, providing peace of mind and efficiency.
**Additional Property Features: **
- Includes a garage, adding significant value for potential commercial uses or tenant convenience.
- The property boasts new high-efficiency boilers, ensuring reliable and cost-effective heating.
- Situated on a prominent corner lot, offering high visibility and accessibility for commercial tenants.
**Investment Highlights: **
- The purchase includes an option to acquire the property through the existing LLC, which holds a long-term mortgage with a favorable low interest rate. This structure could offer significant financial advantages and facilitate a smoother transaction process.
Don't miss out on the chance to own this versatile and lucrative real estate investment in a vibrant Brooklyn neighborhood. Whether you're looking to expand your portfolio or start a new business venture, this is a perfect opportunity. Contact us today to schedule a viewing and explore the potential of this remarkable property!
Listing Agent
RE/MAX Real Estate Professionals License #10401226953 Listed on: 07/22/2025
Property Details
Property Type
- Other
Est. Annual Taxes
- $21,332
Year Built
- Built in 1931
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 80 x 20
- Back Yard
- Property is zoned R4
Parking
- 2 Car Attached Garage
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,800 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
Flooring
- Wood
- Tile
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 4781
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $3,500
- Utility Expense $600
- Gross Income $94,800
Map
Home Values in the Area
Average Home Value in this Area
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 | $21,332 | $242,550 | $24,300 | $218,250 |
| 2024 | $21,332 | $202,050 | $24,300 | $177,750 |
| 2023 | $19,381 | $202,950 | $24,300 | $178,650 |
| 2022 | $17,898 | $169,200 | $24,300 | $144,900 |
| 2021 | $16,616 | $135,450 | $24,300 | $111,150 |
| 2020 | $12,462 | $161,640 | $24,300 | $137,340 |
| 2019 | $20,290 | $161,640 | $24,300 | $137,340 |
| 2018 | $19,494 | $153,270 | $18,433 | $134,837 |
| 2017 | $19,494 | $153,270 | $20,187 | $133,083 |
| 2016 | $18,609 | $144,342 | $20,458 | $123,884 |
| 2015 | $12,198 | $133,650 | $22,624 | $111,026 |
| 2014 | $12,198 | $123,750 | $24,300 | $99,450 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | For Sale | $1,489,000 | -- | $532 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,075,000 | -- | |
| Deed | -- | The Title Guarantee Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $700,000 | Unknown | |
| Closed | $564,000 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 494393
APN: 04781-0010
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