Brooklyn, NY 11203,5022 Avenue D
Brooklyn, NY 11203,5022 Avenue D
Brooklyn, NY 11203,5022 Avenue D
Brooklyn, NY 11203,5022 Avenue D
Brooklyn, NY 11203,5022 Avenue D
Brooklyn, NY 11203,5022 Avenue D
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$ 1,489,000
Est. payment | /mo

4 Beds

2 Baths

1,598 Sqft Lot


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$ 1,489,000
Est. payment | /mo
Save

4 Beds

2 Baths

1,598 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 892792

Bedrooms 4

Full Baths 2

Rental Info No

Year Built 1931

Annual Tax Amount $21,331

Lot Size 1,598 Sqft

Acres 0.0367

Property Sub-Type Quadruplex

Source onekey2

Property Description

Unique Investment Opportunity in East Flatbush, Brooklyn** Welcome to an exceptional income-generating property nestled in the heart of East Flatbush, Brooklyn. This all-brick corner property offers a diverse mix of residential and commercial spaces, making it a prime investment for discerning buyers. **Residential Units: ** - **Two-Family Configuration: ** - **Unit 1: ** Spacious 3-bedroom unit, meticulously renovated with modern finishes. - **Unit 2: ** Cozy 1-bedroom unit, also fully updated to meet contemporary standards. - Both units are currently tenant-occupied, ensuring immediate rental income. - Each tenant is responsible for their own heat, hot water, and electricity, offering hassle-free property management. - Brand new plumbing and electric systems installed in both units, providing peace of mind and efficiency. **Additional Property Features: ** - Includes a garage, adding significant value for potential commercial uses or tenant convenience. - The property boasts new high-efficiency boilers, ensuring reliable and cost-effective heating. - Situated on a prominent corner lot, offering high visibility and accessibility for commercial tenants. **Investment Highlights: ** - The purchase includes an option to acquire the property through the existing LLC, which holds a long-term mortgage with a favorable low interest rate. This structure could offer significant financial advantages and facilitate a smoother transaction process. Don't miss out on the chance to own this versatile and lucrative real estate investment in a vibrant Brooklyn neighborhood. Whether you're looking to expand your portfolio or start a new business venture, this is a perfect opportunity. Contact us today to schedule a viewing and explore the potential of this remarkable property!

Location

State NY

County Kings (brooklyn)

Rooms

Basement See Remarks

Interior

Interior Features Other

Heating Steam, Other

Cooling None

Fireplace No

Exterior

Garage Spaces 2.0

Utilities Available See Remarks

Total Parking Spaces 2

Garage true

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Senior Community No

Special Listing Condition None

Listed by RE/MAX R E Professionals
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5022 Avenue D