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6
5221 Flatlands Avenue Brooklyn, NY 11234

$9,500,000

Multi Family Commercial FORECLOSURE ML# 807492

Located in the Old Mill Basin Section of Brooklyn. Wonderful Brick 24 Unit fully occupied. LOTS OF POTENTIAL. Viewing By appt. 16 Parking spots below building. Tenants pay All utilities except water. Separate HVAC units and Hot water tanks. 15 Year Tax abatement expired. Low common area expenses. Great for Investor 1031 exchange. Projected Potential income parking income (16) $67, 200 yr ($350per) Storage units (10) $33, 000yr ($275 per) Laundry Room $9k yr($750 Outsourced Mthy) Total Additional Potential income $109, 200 NOI $478, 505 Proj. cap 5

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