259 Linden Boulevard
259 Linden Boulevard
$1,250,000
12
6
1
5,148
5,148
$243
Description
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...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
Property Details for 259 Linden Boulevard
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LISTING UPDATED: 04/29/2024 10:47 AM
Property Details for 259 Linden Boulevard
Status | Active |
---|---|
MLS ID | RPLU-798322983385 |
Days on Market | 19 |
Taxes | $1,317 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 20.0 |
Compass Type | Townhouse |
MLS Type | Multi Family Townhouse |
Year Built | 1931 |
Lot Size | 3,302 SF / 127' x 26' |
County | Kings County |
Building
Location
Building Information for 259 Linden Boulevard
Stories3Residences6Year Built1931Building Size26' x 66'Building Sq. Ft5,148 SFLot Size3,302 SF / 127' x 26'Building Age-Building TypeHouse
Payment Calculator
$8,139 per month
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Property Information for 259 Linden Boulevard
Property History for 259 Linden Boulevard
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 259 Linden Boulevard
Taxable ValueLand$44,100Additions$255,600Total$299,700
Home Facts
Total Finished SqFt4,950 SqFtLot Size3,298 SqFtYear Built1931ZoningR7-1APN3048530101
Schools near 259 Linden Boulevard
This home is within Nyc Geog District #17 - Brooklyn.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
P.S. 397 Foster Laurie PublicPK to 5 | ||
Parkside Preparatory Academy Public6 to 8 | ||
Science Tech And Research High School At Erasmus Public6 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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