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  • $1,425,000

    986 Rutland Rd #5FAMFM, Brooklyn, NY 11212

    10beds
    7,200sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $1,433,700 Zestimate®
    $198/sqft
    $3,231 Estimated rent

    What's special

    Introducing 986 Rutland Road an investment property in the heart of East Flatbush on a busy intersection / corner property. The property is built 20x90 on a 100 corner lot. The sqFt above grade is 5400 and a 1800sqFt bsmt which can be used for storage / amenities for a total of 7200sqFt. All the apartments are Free Market and all tenants are paying on time. There are 5 apartments over one commercial (mixed use) The monthly Rent Roll is 12,890 for a grand total of 154,680 yearly while the total yearly expense is 48,945. The current NOI is 105,735 with upside in potential for a new owner to come in and raise the rents. The capitalization rate is currently 7.5% negotiable for qualified buyers who can close. Access is possible Unit Mix: two 2br, two 3br, one 4br. Store has another 4 years on the lease

    Zillow last checked: 7 hours ago

    Listing updated: April 01, 2025 at 04:12am

    Listed by:

    Nathaniel Smith,

    Oxford Property Group

    Source: StreetEasy,MLS#: S1698749

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    • Full bathrooms: 5
    Appliances
    • Laundry: Inside
    Interior area
    • Total structure area: 7,200
    • Total interior livable area: 7,200 sqft

    Property

    Accessibility
    • Accessibility features: Wheelchair Access
    Features
    • Patio & porch: Other
    • Exterior features: Courtyard
    Details
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1931

    Community & neighborhood

    Location
    • Region: Brooklyn
    • Subdivision: Brownsville

    HOA & financial

    HOA
    • Has HOA: Yes
    • Amenities included: Laundry, Concierge
    • Services included: Maintenance
    Services availability