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259 LINDEN Boulevard
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.
don't miss out on this prime turnkey investment or portfolio addition!
- 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, c1-3