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NewLuxury

$2,999,000

12 days on market

19 Hubbard Place

Brooklyn, NY 11210

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1920

Built

Listing narrative

Description

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 allow 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!

Listing agent (MLS): Sinai Halberstam · Listing brokerage (MLS): eRealty Advisors, Inc

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,999,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

3,698 sqft

Year

1920

Status

New

Days on Market

12

· 8% down, 7% APR, 30yr fixed
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Courtesy of eRealty Advisors, Inc