1982 FLATBUSH AVENUE, BROOKLYN, NY 11234 MARINE PARK 3- STORY WALKUP BUILDING WITH 2 APARTMENTS AND 1 STORE
Address: 1982 FLATBUSH AVENUE, BROOKLYN, NY 11234 Between Kings Highway & Flatlands Avenue
Description: Built in 1949, this 3-story walkup building with 2 apartments and 1 store consists of 4,280± SF. Both residential unit 1 and 2 are in need of renovations.
Neighborhood Marine Park Block/Lot 07817/0060 Lot & Built Size 18.67’ x 100’ built 60’ Stories 3 Total Apartments & Rooms 2 & 10 Zoning R5, C1-2 FAR (built/allowed) 2.29/1.25 Assessment/Taxes (18/19) $44,000/$8,560 Financial Breakdown:
Income: Apartments $ 28,800 Commercial $ 43,800 $ 72,600 Estimated Taxes (18/19) $ 8,560 Expenses: Water & Sewer $ 2,700 Fuel (oil/gas) Tenants Pay Insurance $ 3,000 Utilities $ 1,500 Management Fee (3%) $ 2,178 Repairs, Maintenance, Misc. $ 3,000 $ 20,938 Estimated Net Operating Income: $ 51,662
1st Mortgage: Delivered Free & Clear
Price: Ownership Requests Proposals
Remarks: Near the Nostrand Avenue – Avenue H Station on the [2,5] trains. Metrics: Average Rent / Apartment & Room $ 1,200 & $ 240 2 Open HPD Violations 2B
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Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. 1982 FLATBUSH AVENUE, BROOKLYN, NY 11234 MARINE PARK 3- STORY WALKUP BUILDING WITH 2 APARTMENTS AND 1 STORE
RENT ROLL
Unit # TENANT NAME RENT/MONTH ROOMS LXP Status 1 Tenant 1 $1,100.00 5 MTM FM 2 Tenant 2 $1,300.00 5 12/31/19 FM Commercial Topsie Turvie Kids Spa $3,650.00 9/1/2021 Combined Monthly Total $6,050.00 10 Combined Annual Total $72,600.00
PROPERTY PHOTO
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Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. 1982 FLATBUSH AVENUE, BROOKLYN, NY 11234 MARINE PARK 3- STORY WALKUP BUILDING WITH 2 APARTMENTS AND 1 STORE
NEIGHBORHOOD MAP
TAX MAP
1 1 W e s t 2 0 t h S t r e e t , 4 t h F l o o r , N e w Yo r k , N Y 1 0 0 1 1 ( 2 1 2 ) 2 6 8 – 8 0 4 3 · w w w. p r i m e m a n h a t t a n . c o m
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.