850 Clarkson Avenue, Brooklyn, NY, 11203
$3,999,999
Misc
For Sale
, 7 Full Bath
Details
ML#: 888205
- # of Families: 4
- Year Built: 1931
- Taxes: $26,579
- Status:Active
- Foreclose:Yes
Description
Fully Renovated Property for Sale – 850 Clarkson AveThis turnkey, property is an exceptional investment opportunity, delivered fully occupied for immediate cash flow.Residential UnitsTotal of four modern apartments:(2) four-bedroom units(2) two-bedroom unitsEach unit equipped with its own dedicated boiler for independent heatingAll residential tenants guaranteed by the Section 8 program, ensuring stable, government-backed rental incomeSeparate utilities for commercial tenantsInvestment HighlightsProjected NOI: $257, 000Owner pays only for water and common area electricityUpdated systems throughout: plumbing, electrical, and heatingHigh rental demand in a rapidly developing neighborhoodStrong Future Growth PotentialThe property is located near major developments that will add over 1, 000 new residential units within a 2-mile radius by 2026:329 Clarkson Ave (Clarkson Estates): 328 units under development – Learn more564 Utica Ave (Utica Crescent): 325 units planned – Learn moreThese projects are expected to further boost local demand and long-term value.
More Property Details
Full Bath: 7
Lot Size: 0.0551
Lot Sq Ft: 2400
Heat: Baseboard, Natural Gas, Other
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $26,579
School District#: 71
School District: Brooklyn
Listing Information provided courtesy of
Real Estate Concept Group Inc
786-246-1709