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About This Home
This 0-bedroom, 0-bathroom single family at 1742 Flatbush Avenue in Brooklyn, NY is listed for $950,000 ($480 per sqft). Built in 1920, the home offers 1,980 sqft of living space on a 0.03 acres lot.
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.
Key Features
- Built in 1920
- 0.03 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$5,081/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1742 Flatbush Avenue
Brooklyn, NY 11210
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1742 Flatbush Avenue is listed at $950,000 ($480/sqft). The estimated monthly payment is $4,117 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.03 acre lot, 2 stories.
This property is listed by Emily Hui Chen-Liang and can be reached at (917) 708-9966 or huitingliang@yahoo.com.
