Property Description for 606 Flatbush Ave
7 Family Brick building with 1 retail store on Flatbush Avenue in Prospect Park,Lefferts Gardens Brooklyn NY. .One (1) block to the entrance of Prospect Park and entrance NYC Q/B train station. Fabulous location to Prospect Park, shopping, banking, restaurants & retail stores. 5 of 7 apartments have been renovated and each have preferential rents that can be increased upon vacancy. FAR allows an additional 1500 sq. ft. on top floor. New gas boiler 2020, new roof 2019, new windows 2017-2018, new entrance doors2019 . Retail store has no lease and can be increased/ vacated anytime. Store pays landlord $3300 / year for real estate tax and water tax. One apartment is being renovated . All apartments are 2 bedrooms. Gross income $155K-$43 Expenses = Net $112000 income. BDS. Potential rent income $167,000. Potential net income $124,000
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