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369 E 21st Street
Flatbush, NY 11226

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Property Details


List Price: $899,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: All Island Estates Realty Corp

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Description/Comments


Lot Size: --
Property Type: Commercial
Year Built: 1911
Notes: Calling All Investors, Developers & End-Users!!! 100% 5 Unit Apartment Building In Brooklyn For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong R6A Zoning, 6 Parking Spaces, High 10' Ceilings, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just 3 Blocks From Rt. 27 Near Prospect Park Lake & The Brooklyn Museum!!! Neighbors Include UPS, FedEx, CubeSmart Self Storage, Target, ShopRite, AutoZone, Bank Of America, Optimum, Blink Fitness, Planet Fitness, Key Food, Dunkin', Walgreens, McDonald's, BP Gas, Taco Bell, Duane Reade, Dollar Tree, Five Below, Subway, National Wholesale Liquidators, Aldi, IHOP, Wendy's, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!! Income: Apt. 1A (1 Br., 1 Bath): $26,304 Ann.; Lease Exp.: 7/31/24. Apt. 1B (1 Br. 1 Bath): $7,905.84; Lease Exp.: 5/31/24. Apt. 2A (3 Br. 1 Bath): $20,332.56 Ann.; Lease Exp.: 5/31/24. Apt. 3A (3 Br. 1 Bath): $15,516.36 Ann.; Lease Exp.: 3/31/25. Apt. 4A (3 Br. 1 Bath): $12,726.24 Ann.; Lease Exp.: 9/30/25. Gross Income: $82,785 Ann. Expenses: Heat: $1,917.30 Ann. Electric: $700.17 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $3,500 Ann. Insurance: $5,270.66 Ann. Taxes: $22,096.20 Ann. Total Expenses: $33,734.16 Ann. Net Operating Income (NOI): $49,050.84 Ann.
MlsNumber: 3505358


Listing Provided By: All Island Estates Realty Corp, original listing
Name: All Island Estates Realty Corp
Phone: (516) 532-9184
Office Name: All Island Estates Realty Corp
Office Phone: (516) 783-5600
Agent Name: Richard Matt Shane
Disclaimer: Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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