2728 Church AveFLATBUSH, NY 11226

For Sale
$1,998,888

10 Apartments + 3 Stores, $1.9M

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property at 2728 Church Ave in Flatbush, NY, presents a compelling investment opportunity. The 2,594 square foot building boasts ten rent-stabilized one-bedroom apartments, generating a substantial annual rent roll of $234,000. Currently, one apartment is vacant. Adding to the income stream are three thriving retail spaces: a salon, a Chinese takeout restaurant, and a smoke shop, all operating under existing leases. The building includes 14 meters. Detailed income and expense statements are available upon request, as shown in the attached photos. The property is being sold "as is," occupied. All tenants are responsible for their own electricity and gas. This presents a rare chance to acquire a well-established, income-producing asset in a vibrant Brooklyn neighborhood. The provided rent roll offers a comprehensive overview of the current income generation. This is a turnkey investment ready for a new owner to step in and manage. The property is located at 2728 Church Ave, Flatbush, NY 11226.

Highlights

  • $1,998,888 Asking Price
  • Mixed-use property totaling 2,594 square feet
  • Located at 2728 Church Ave, Flatbush, NY 11226
  • Ten (10) rent-stabilized 1-bedroom apartments, plus three (3) leased retail spaces (salon, Chinese takeout, smoke shop).
  • Annual rent roll of $234,000 (one vacant apartment).
  • All tenants pay their own electricity and gas.

Location Insight

City
FLATBUSH
County
36047
State
New York
Latitude
40.6504873
Longitude
-73.9515269
2728 Church Ave, FLATBUSH, New York

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2728 Church Ave
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