For Sale

Listing Provided by All Island Estates Realty Corp

600 E 22nd Street,
Flatbush, NY 11226

$1,075,000

0.07

Acres

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Calling All Investors, Developers & End-Users!!! 100% Occupied 9.97 Cap 5 Unit Apartment Building In Brooklyn For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong R7A Zoning, Private Driveway, Large Gated Yard, 6 Parking Spaces, High 10' Ceilings, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just A Few Minutes From Rt. 27 Near Prospect Park Lake & The Brooklyn Museum!!! Neighbors Include UPS, FedEx, CubeSmart Self Storage, Target, ShopRite, AutoZone, Bank Of America, Optimum, Blink Fitness, Planet Fitness, Key Food, Dunkin', Walgreens, McDonald's, BP Gas, Taco Bell, Duane Reade, Dollar Tree, Five Below, Subway, National Wholesale Liquidators, Aldi, IHOP, Wendy's, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!! Income: Apt. 1A (Studio, 1 Bath): $24,252.60 Ann.; Lease Exp.: 5/31/24. Apt. 1B (1 Br. 1 Bath): $14,217.72 Ann.; Lease Exp.: 5/31/25. Apt. 2A (3 Br. 1 Bath): $19,004.88 Ann.; Lease Exp.: 6/30/24. Apt. 3A (3 Br. 1 Bath): $21,391.20 Ann.; Lease Exp.: 11/30/23. Apt. 4A (3 Br. 1 Bath): $18,033.36 Ann.; Lease Exp.: 9/30/25. Private Gated Parking Lot: $36,000 Ann. Gross Income: $142,899.76 Ann. Expenses: Heat: $1,510 Ann. Electric (Common Areas Only): $721 Ann. Maintenance & Repairs: $937 Ann. Water & Sewer: $4,203.58 Ann. Insurance: $5,270.66 Ann. Taxes: $13,032 Ann. Total Expenses: $25,674.24 Ann. Net Operating Income (NOI): $107,225.52 Ann. (9.97 Cap!!!)

Features of 600 22nd Street

MLS# 3505396
Price $1,075,000
Total Taxes $13,032
Bathrooms
Lot Square Footage 3,000
Acres 0.07
Year Built 1931
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 600 E 22nd Street
City Flatbush
County Brooklyn
State NY
Zip Code 11226

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Listing Provided Courtesy of: All Island Estates Realty Corp; 516-783-5600

Date Listed September 18th, 2023
Days on Market 214
Zoning R7A
Short Sale No
RE / Bank Owned No

Offer is made only to participants of the MLS where the listing is filed.

Listing Map

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