Property Description for 1166 East New York Ave
Numerous reasons make this multi-family property on the East Flatbush-Brownsville border, a great investment: Legal, four-family house for under $1 million, one block from the subway and Lincoln Terrace’s courts, fields and playgrounds? Keep going… Three 2-bedroom apartments and one 1-bedroom unit plus a full length, finished basement with two of its own separate entrances. Even better!! Shared driveway and large backyard… nice touch!
The asking price reflects the improvements needed to bring each unit to market rentability. Meanwhile, the property comes fully tenanted-- the current rent roll will cover your new mortgage! 1166 East New York Avenue makes sense now, and comes with huge potential and upside in the near future. Inventory and opportunities to own a four-family property are low… here’s your chance to do what others will wish in five years time, that they had done now!