957 Flatbush Avenue

$1,550,000
Price
Beds
3,654 Sq. Ft.
$424 / Sq. Ft.
3,654
Sq. Ft.
$424
per Sq. Ft.

Description

A real money maker building to the market, the mixed-use building is a storefront and two family solid brick property. The store tenant is paying $5000, the two units are paying $2,300 monthly each. The cap rate is more than 6% zoning C4-4A, consult with your own architect for the buildable area. It locates at a very high-traffic spot. All tenants are paying month by month, excellent investment opportunity all serious buyers should take a a closer look.A real money maker building to the market, the mixed-use building is a storefront and two family solid brick property. The store tenant is paying $5000, the two units are paying $2,300 monthly each. The cap rate is more than 6% zoning C4-4A, consult with your own architect for the buildable area. It locates at a very high-traffic spot. All tenants are paying month by month, excellent investment opportunity all serious buyers should take a a closer look.
  1. Listed by Rui (Nancy) L Wu • Exit Realty Professionals

Amenities

  • Parking Included
  • Lowrise

Location

Listing Courtesy of Exit Realty Professionals
Add your commute
LISTING UPDATED: 04/04/2024 03:10 PM

Property Details for 957 Flatbush Avenue

StatusActive
MLS ID481090
Days on Market29
Taxes$9,480 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1914
Lot Size1,674 SF / 18' x 93'
CountyKings County

Building

957 Flatbush Ave

3 Units3 StoriesBuilt in 1914

Location

Listing Courtesy of Exit Realty Professionals
Add your commute

Building Information for 957 Flatbush Avenue

Stories3Residences3Year Built1914Lot Size1,674 SF / 18' x 93'Building Age-Building Type-

Payment Calculator

$9,249 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$790

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 957 Flatbush Avenue

Summary
Location and General Information
  • Block: 5109
  • Number Of Stories: 1
  • Cross Street Name: Snyder Ave
  • Cross Street Name: Albemarle Rd
  • Zoning: C4-4A
  • Roof: Other
  • Water Front Present YN: No
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 9480.0
  • Gross Expense: 18880.0
  • Gross Income: $115,200.00
  • Miscellaneous Expense: 600.0
  • Cap Rate: .06%
Property
Lot Information
  • Lot Dimensions: 18 X 93
  • Sq Ft Total: 3654
  • Yard: None
  • Road Frontage: 18.0
  • Lot Number: 7
  • Lot Size Irregular YN: No
  • Lot Size Length: 93
  • Lot Size Width: 18
Property and Assessments
  • Commercial Condo YN: Yes
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Fuel Expense: 3500.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Cellar, Full, Semi-Finished
  • Commercial Features Interior: Heated, Kitchen, Restrooms - Public
  • Foundation Details: Poured Concrete
  • Flooring: Tile
  • Unit Count: 3
  • Lavatories: Unknown
  • Construction Materials: Brick
  • Electric: 110 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1674.0
  • Building Length: 93.0
  • Building Type: Attached
  • Building Width: 18.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 5000.0
  • Unit Features: Heat Included
  • Unit Floor: 2
  • Unit Status: Month-to-Month
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 2300.0
  • Unit Floor: 2nd
  • Unit Rooms Total: 6
  • Unit Status: Month-to-Month
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 4
  • Unit Category: Apt
  • Unit Current Rent: 2300.0
  • Unit Floor: 3rd
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 4+ Bedrooms
Agent
Agent Information
  • Net Operating Income: 96320.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 6500.0
  • Certificate Of Occupancy YN: No
  • Owner Occupied: Yes

Property History for 957 Flatbush Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 957 Flatbush Avenue

Taxable ValueLand$18,600Additions$85,860Total$104,460
Home Facts
Total Finished SqFt3,640 SqFtLot Size1,659 SqFtYear Built1914ZoningC44AAPN3051090007

Schools near 957 Flatbush Avenue

This home is within Nyc Geog District #17 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Norma Adams Clemons Academy
PublicPK to 5

Ms 246 Walt Whitman
Public6 to 8

Academy of Hospitality and Tourism
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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957 Flatbush Avenue is a mixed use property for sale in Flatbush. This property was listed for sale on April 3, 2024 by Exit Realty Professionals, it's currently listed at $1,550,000. This listing's school district is Nyc Geog District #17 - Brooklyn. Nearby schools include Norma Adams Clemons Academy, Ms 246 Walt Whitman and Academy of Hospitality and Tourism. 957 Flatbush Avenue is a 0-bed, 0-bath, 3,654 sqft mixed use property built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Realty Professionals

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.