Active
422 East 31st Street
Brooklyn NY, 11226
$3,850,000
$439.30 per sqft
Active
14 Beds
14 Baths
8,764 sqft
Multi-family
Built in 2024
Welcome to 422 E 31 St, Brooklyn, a fantastic investment opportunity in the vibrant Flatbush neighborhood of Brooklyn!
This 10-unit residential apartment building was fully renovated in 2024, boasting modern interiors and amenities spanning 8,764 square feet. Each unit features hardwood floors, beautiful white kitchens with stainless steel appliances, and spacious interiors, providing residents with comfortable and contemporary living spaces.
The building offers additional amenities, including a laundry room for residents' convenience, a rooftop with stunning views, large open cellar - great for common recreational use, and five parking spaces for added convenience.
Benefitting from a 35-year 421-A Tax Abatement (pending), this property presents an excellent opportunity for investors looking to expand their portfolio. All ten apartments are leased, offering immediate income potential.
Less than 500 ft away is the MTA 2 & 5 trains making transportation a breeze! The neighborhood boasts a mix of residential streets lined with historic brownstones and a wide variety of dining and shopping options. Flatbush is also home to several cultural institutions, including the Brooklyn College campus and the historic Kings Theatre, which hosts concerts, performances, and events. With easy access to public transportation, including multiple subway lines and bus routes, Flatbush offers residents convenient connections to the rest of Brooklyn and Manhattan. Additionally, the neighborhood is bordered by Prospect Park, providing plenty of green space and outdoor recreational opportunities for residents to enjoy.
Contact us for more information regarding the rent roll and expenses. Don't miss out on this fantastic opportunity to own a fully renovated, income-producing property in the heart of Flatbush, Brooklyn!
COMP-1577028760400888953
MLSⓇ ID
May 15, 2024
Listed
September 16, 2024
Updated
Map
422 East 31st Street
Brooklyn NY, 11226
Interior Features
Total Stories
4
Bedrooms
14
Total Bathrooms
14
Full Bathrooms
14
Interior Features
Eat-in Kitchen, Recessed Lighting
Appliances
Cooktop, Refrigerator, Stainless Steel Appliance(s)
Laundry Description
Common Area, See Remarks
Floor Description
Hardwood, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Other
Heating
Yes
Heating Description
Central
Exterior/Building Features
Other Property Details
Taxes
$3,492
Tax Frequency
Annually
HOA Frequency
Monthly
Garage
No
Parking
On Site, Private
View
No
County
Kings
Pool
No
Listing History
Date | Event | Price |
---|---|---|
6/21/2024 | Price change | $3,850,000 -4% |
Listed by JOSHUA GOLAN with Compass
Listing Contact: (718) 415-4410
The IDX display contains information sourced from the Real Estate Board of New York as of 9/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available
©2024 Real Estate Board of New York all rights reserved.
Data last updated on 9/16/2024 at 2:24 PM UTC