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5221 Flatlands Avenue

Brooklyn, NY 11234
  • $9,500,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: 807492
Foreclosure
UPDATED: 68 min ago
$9,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2009
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Located in the Old Mill Basin Section of Brooklyn. Wonderful Brick 24 Unit fully occupied. LOTS OF POTENTIAL. Viewing By appt. 16 Parking spots below building. Tenants pay All utilities except water. Separate HVAC units and Hot water tanks. 15 Year Tax abatement expired. Low common area expenses. Great for Investor 1031 exchange. Projected Potential income parking income (16) $67,200 yr ($350per) Storage units (10) $33,000yr ($275 per) Laundry Room $9k yr($750 Outsourced Mthy) Total Additional Potential income $109,200 NOI $478,505 Proj. cap 5

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty NYC Group. Data last updated: 2025-03-24T12:18:41.597.
www.padernachtrealestate.com/homes/158998229
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5221 Flatlands Avenue Brooklyn, NY 11234

  • Price: $9,500,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 68 min ago
  • MLS #: 807492
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2009
Built
Neighborhood:
New York
County:
Brooklyn
Area:
New York
Elementary School:
Ps 236 Mill Basin
Middle School:
Jhs 78 Roy H Mann
High School:
Midwood High School
School District:
Brooklyn 22
Property Description
Located in the Old Mill Basin Section of Brooklyn. Wonderful Brick 24 Unit fully occupied. LOTS OF POTENTIAL. Viewing By appt. 16 Parking spots below building. Tenants pay All utilities except water. Separate HVAC units and Hot water tanks. 15 Year Tax abatement expired. Low common area expenses. Great for Investor 1031 exchange. Projected Potential income parking income (16) $67,200 yr ($350per) Storage units (10) $33,000yr ($275 per) Laundry Room $9k yr($750 Outsourced Mthy) Total Additional Potential income $109,200 NOI $478,505 Proj. cap 5
Exterior Features

Construction Materials BrickCedarFoam InsulationFrame Cross Street East 53rd Street Fencing Front Yard Parking Features Underground Property Attached YN No Stories Total 3 Waterfront YN No

Interior Features

Basement Details None Basement YN No Cooling Central AirENERGY STAR Qualified EquipmentSeparate Meters Elevator YN No Number Of Heat Units 24

Property Features

Additional Fees YN No Additional Parcel YN No Annual Rental Income 548160 Building Area Total 29152 Community Features Other Electric Company Con-Edison Gross Income 548160 Heating ENERGY STAR Qualified EquipmentForced AirHot Air Insurance Expense 1793 Net Operating Income 369305 Number Of Separate Electric Meters 25 Number Of Separate Gas Meters 24 Operating Expense 178854 Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions Real Estate Owned Tax Annual Amount 128531 Tax Source Municipality Tenant Pays ElectricityGasHeat Utilities Cable AvailableElectricity ConnectedNatural Gas AvailableNatural Gas Connected Water Access YN No Water Source Public

Listing courtesy of Reginald Brannen of Blue Key Real Estate Brokerage: 718-921-2280
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty NYC Group. Data last updated: 2025-03-24T12:18:41.597.
 
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Keller Williams Realty NYC Group
2300 Eastchester Road
Bronx NY, 10469