ATTN INVESTORS: 16 Units | Flatlands | 4 Vacant Units Massive 16-unit multifamily building for sale in Flatlands (Flatbush). This is the "value-add" opportunity you've been waiting for. A rare find for the strategic investor! Immediate Upside: 4 units delivered vacant at closing-ideal for rent growth. The Income: 12 stabilized units provide a strong, reliable cash flow. Prime Location: Walking distance to Kings Plaza, and major transit. This solid 16-unit brick building in Flatlands/ Flatbush offers the perfect blend of stable income and immediate upside. With four units delivered vacant, gives the new owner significant value-add opportunity for rent growth in a high-demand residential neighborhood. While the building is primarily rent-regulated, the delivery of 3-4 vacant units allow a rare "mark-to-market" opportunity in an otherwise "locked" market. Solid brick construction, updated mechanicals, and a clear path to increased NOI. Act fast-this will not last. Great opportunity for a 1031 exchange!
| MLS # | 1060066 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 27 |
| Listing Provided By | eRealty Advisors, Inc | Sinai Halberstam |
| SQ Feet | 11,692 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Units | 16 |
| Zoning | R5 |
| Acreage | 0.08 |
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Construction Materials | Brick |
|---|
| Parking Features | On Street |
|---|
| Utilities | Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 473850 |
| Tax Annual Amount | 51779.68 |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11210 |
| Listing VS Median (in 11210) | |
Price: $2,999,000 low | high Med: $750,000 sqft: 11,692 low | high Med: 1,200 $ / sqft: $257 low | high Med: $625 On site: 27 low | high Med: 40 | |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11210 |
| Listing VS Median (in 11210) | |
Price: $2,999,000 low | high Med: $750,000 sqft: 11,692 low | high Med: 1,200 $ / sqft: $257 low | high Med: $625 On site: 27 low | high Med: 40 | |