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422 East 31st Street
Flatbush, New York
$3,850,000 Price
14 Bedrooms   14.0 Baths
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Photo 1 of 422 East 31st Street, Flatbush, New York, $3,850,000, Web #: 1075436824Previous PhotoNext Photo1 of 10

422 East 31st Street, Flatbush, New York

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...

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!

Courtesy of Compass

Floorplan for 422 East 31st Street

Floorplan for 422 East 31st Street

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Flatbush, New York
Type:
Price: $3,850,000
Last Updated: 10/31/2024
Web ID: 1075436824

Info & Amenities

Rooms: 25.0
Bedrooms: 14
Bathrooms: 14.0
Built: 2024

Map of Area for 422 East 31st Street

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.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. 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. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.