PROPERTY NEEDS A FULL GUT RENOVATION Extra large, 27 feet wide, Investor special, vacant and ready for rehab. Near LIRR and broadway junction train station and future stop of the interboro express train line. Plans were approved for 5BR/2BA over 5BR/2BA over commercial. Can be full commercial, zoning M1, current residential use grandfathered in. There's a permit for an advertising sign on the side wall for additional income. Conservatively projected rent of $12,000/month, $144,000/yr + $10,000 advertising, NOI over $120,000. Taxes very low. Estimated rehab cost of $250-300k, great investment. Major development coming across the street, 600+ apartments and 850,000 square feet of office. Additional building with 120+ apartments being built a few blocks away, the area is about to boom! No brokers please
Off market
$940,000
2531 Atlantic Ave, Brooklyn, NY 11207
10beds
3,600sqft
MultiFamily
Built in 1910
-- sqft lot
$-- Zestimate®
$261/sqft
$3,069 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Basement: Basement (not specified)
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,600 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 1,742 sqft
Details
- Parcel number: 036650024
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1910
Community & neighborhood
Location
- Region: Brooklyn