19 Hubbard Place, New York, NY, 11210
$3,399,000
activeLot Size
3,700 sqft
Year Built
1920
Stories
4
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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 allows 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!
Listed by Sinai Halberstam, eRealty Advisors, Inc
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