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
Sold
$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
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