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Leibowitz Real Estate LLC
19 Hubbard Place, Brooklyn, NY 11210
- $2,999,000
- List Price
- $2,999,000
- Status
- ACTIVE
- Days on Market
- 26
- MLS#
- 1060066
- Subtype
- Commercial Sale
- Year Built
- 1920
- Lot Size
- 3,700
- Acres
- 0.08
- Neighborhood
- Brooklyn
Property Description
ATTN INVESTORS: 16 Units | Flatlands | 4 Vacant Units Massive 16-unit multifamily building for sale in Flatlands (Flatbush). This is the "value-add" opportunity you've been waiting for. A rare find for the strategic investor! Immediate Upside: 4 units delivered vacant at closing—ideal for rent growth. The Income: 12 stabilized units provide a strong, reliable cash flow. Prime Location: Walking distance to Kings Plaza, and major transit. This solid 16-unit brick building in Flatlands/ Flatbush offers the perfect blend of stable income and immediate upside. With four units delivered vacant, gives the new owner significant value-add opportunity for rent growth in a high-demand residential neighborhood. While the building is primarily rent-regulated, the delivery of 3–4 vacant units allow a rare "mark-to-market" opportunity in an otherwise "locked" market. Solid brick construction, updated mechanicals, and a clear path to increased NOI. Act fast—this will not last. Great opportunity for a 1031 exchange!
Additional Information
- Taxes
- $51,779
- Zoning
- R5
- Heating
- Natural Gas
- Air Conditioning
- None
- Stories
- 4
- Parking
- On Street
- Parking Features
- On Street
- School District
- Contact Agent
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Listing courtesy of Listing Agent: Sinai Halberstam (sinaibroker@gmail.com) from Listing Office: eRealty Advisors, Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.