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1742 Flatbush Avenue, Brooklyn, New York, 11210

$950,000

0

Beds

Bathrooms

1,980

Building Sqft

0.03

Acres

1,295

Lot Sqft

About 1742 Flatbush Avenue

Welcome to this well-positioned mixed-use investment property in the Flatlands. This attached building, situated on an 18 x 72 foot lot with building size of 18 x 55 foot footprint, is perfectly configured with a grocery store occupying the first floor and basement, and a two-bedroom apartment on the second floor. The commercial space provides stable income with a current monthly rent of $3,100 and one year remaining on its lease, while the residential unit offers flexibility and upside with a month-to-month tenancy at $1,700 per month. Zoned R5 with a C2-2 overlay, the property is ideally permitted for its current use. Its excellent location is highlighted by being just two blocks from Kings Highway. With annual gross income of $57,600 and a low annual tax bill of only $3,189, this asset represents a strong cash-flowing opportunity.

Features of 1742 Flatbush Avenue

MLS® #
497443
Acres
0.03
Type
Mixed Use
Price
$950,000
Square Footage
1,980
Year Built
1920
Sub-Type
Mixed Use

Community Information

Address
1742 Flatbush Avenue
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11210

Listing Information

Agent Name
Emily Hui Chen-Liang
Agent Office
Tiger Realty

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(718) 987-7900