422 E 31st Street
Brooklyn, NY, 11226 $ 3,850,000
Bedrooms14 Baths14.0 Sq 8,764 Monthly Estimate*
$ 23,058
for $3,850,000 with 14 bedrooms and 14 full baths. This 8,764 square foot home was built in 2024.
Welcome to 422 E 31 St, Brooklyn, a fantastic investment opportunity in the vibrant Flatbush neighborhood of Brooklyn! This 10-unit residential apartment building was fully renovated in 2024, boasting modern interiors and amenities spanning 8,764 square feet. Each unit features hardwood floors, beautiful white kitchens with stainless steel appliances, and spacious interiors, providing residents with comfortable and contemporary living spaces. The building offers additional amenities, including a laundry room for residents' convenience, a rooftop with stunning views, large open cellar - great for common recreational use, and five parking spaces for added convenience. Benefitting from a 35-year 421-A Tax Abatement (pending), this property presents an excellent opportunity for investors looking to expand their portfolio. All ten apartments are leased, offering immediate income potential. Less than 500 ft away is the MTA 2 & 5 trains making transportation a breeze! The neighborhood boasts a mix of residential streets lined with historic brownstones and a wide variety of dining and shopping options. Flatbush is also home to several cultural institutions, including the Brooklyn College campus and the historic Kings Theatre, which hosts concerts, performances, and events. With easy access to public transportation, including multiple subway lines and bus routes, Flatbush offers residents convenient connections to the rest of Brooklyn and Manhattan. Additionally, the neighborhood is bordered by Prospect Park, providing plenty of green space and outdoor recreational opportunities for residents to enjoy. Contact us for more information regarding the rent roll and expenses. Don't miss out on this fantastic opportunity to own a fully renovated, income-producing property in the heart of Flatbush, Brooklyn!
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FeaturesGeneralInterior Features EatinKitchen RecessedLighting
Heating Central
Cooling CentralAir Other
Appliances Cooktop Refrigerator StainlessSteelAppliances
HOA 0.0
Pets Allowed BuildingNo CatsOK DogsOK
Year Built 2024
Property SubType MultiFamily
Assoc Fee Paid Per Monthly
County Kings
New Construction No
Property Type Residential
Attached Garage No
Subdivision Name Flatbush
Garage Y/N No
Total Rooms 25
City NewYorkCity
NumberOfUnitsTotal 10
Lot Size Units SquareFeet
Tax Annual Amount 3492.0
Structure Type MultiFamily
Building Area Units SquareFeet
Living Area Units SquareFeet
Standard Status Active
Tax Lot 16
Property Sub Type Additional MultiFamily
Expected Active Date 2024-05-15
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InteriorBasement Full
Flooring Hardwood Tile
Furnished Y/N Unfurnished
Total Fireplaces 0
Total Stories 4
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Full Baths 14
Half Baths 0
Laundry Features CommonArea SeeRemarks
Total Bedrooms 14
Total Baths 14
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ExteriorParking Features OnSite Private
Lot Size Area 0.0
Building Area Total 8764.0
Lot Dimensions 40.000000x100.000000
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* Excluded FeaturesList ByJOSHUA GOLANListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $23,058
- Monthly Property Taxes
- $291
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,652,457
Percent of Sale Price 57%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1503813 Elementary School
1503814 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
6/21/2024 | $3,850,000 | -3.73% | Price Down |
5/15/2024 | $3,999,000 | | Listed Price |