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Located at 259 Linden Boulevard, Brooklyn, New York 11226, Flatbush neighborhood, this Townhouse is for Sale with a price of $1,250,000 USD. The property includes 12 bedrooms, has 6 full baths and 1 partial baths. This listing encompasses a lot of 127 X 26. See all Homes for Sale in Flatbush.
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1. 259 Linden Boulevard
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Financial
Listing Details
BrooklynFlatbush259 Linden Boulevard

Description

259 Linden Boulevard,

#1, Brooklyn, NY 11226

Investors and developers, take note! Cash-flowing asset ?Turn Key Rent Stabilized Building?A fully occupied 6-unit building in the heart of Flatbush Brooklyn is up for sale in a rapidly gentrifying neighborhood. This property is a reliable source of cash flow, generating $89,368 in Gross Income annually with occupants who treat the building as their own.Investors and developers, take note! Cash-flowing asset ?Turn Key Rent Stabilized Building?A fully occupied 6-unit building in the heart of Flatbush Brooklyn is up for sale in a rapidly gentrifying neighborhood. This property is a reliable source of cash flow, generating $89,368 in Gross Income annually with occupants who treat the building as their own. Each unit offers 2 bedrooms, 1 bathroom, and around 700 sq. ft. (total of 12 bedrooms).Besides its current cash flow, there?s tremendous potential for growth.Zoned R7-1, C1-3, with 6,398 unused FAR, there?s room for development or opportunity to sell air rights down the line. Conveniently located at Linden Blvd/Nostrand Ave, by Prospect Park, various train lines, hospitals, Brooklyn Museum, and shopping centers, this property is centrally positioned in Brooklyn?s vibrant scene.If you?re looking for an income-generating investment with potential, this is it! It is right by Rt. 27, and minutes from the BQE.- The roof and building are in overall great condition- Storage space available in the basement- The boiler is 7 years old- New electric sub-panels (Apt 1R & 1L 50amps)- Lot Size: 26ft x 126.8ft (3,298)- Building Class: C2- Year Built: 1931- Zoning: R7-1, C1-3Don?t miss out on this prime turnkey investment or portfolio addition!READ FULL DESCRIPTION

Amenities

  • Outdoor Space
  • Pets Not Allowed
Listing By: Berkshire Hathaway HS NY Properties via Data Source: RealPlus MLS 
12
Bedrooms
6
Full Baths
1
Partial Bath
20
Total rooms
$1,250,000
price
$15,792
Annual taxes
Townhouse
Property type
New York City Department Of Education
School District
12259061
Web Id
2754011-9143444
MLS ID
806
Days Posted

Price History

datepricevariancetype
4/29/2024$1,250,000-Listed
listing agent: Doron Berenholtz
127 Acres
Exterior
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    259 linden boulevard, #1
    Flatbush, Brooklyn, NY 11226

    $1,250,000
    12 bd6/1 ba