19 Hubbard PlaceBrooklyn, NY 11210

Description

ATTN INVESTORS: 16 Units | Flatlands | 4 Vacant Units Massive 16-unit multifamily building for sale in Flatlands (Flatbush). This is the "value-add" opportunity you've been waiting for. A rare find for the strategic investor! Immediate Upside: 4 units delivered vacant at closing—ideal for rent growth. The Income: 12 stabilized units provide a strong, reliable cash flow. Prime Location: Walking distance to Kings Plaza, and major transit. This solid 16-unit brick building in Flatlands/ Flatbush offers the perfect blend of stable income and immediate upside. With four units delivered vacant, gives the new owner significant value-add opportunity for rent growth in a high-demand residential neighborhood. While the building is primarily rent-regulated, the delivery of 3–4 vacant units allow a rare "mark-to-market" opportunity in an otherwise "locked" market. Solid brick construction, updated mechanicals, and a clear path to increased NOI. Act fast—this will not last. Great opportunity for a 1031 exchange!

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1920

Stories

4

Building area

11,692 Sq Ft

Lot size

0.08 acres

Days on market

1

MLS^® Listing#

1060066

Property Features

Cooling

None

Heating

Natural Gas

Parking

On Street

Construction

Brick

Utilities

Natural Gas Available · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$51,780

Assessed value

$473,850

Parcel number

07808-0004