576 LENOX Road, New York City, NY 11203 (MLS # RPLU-33423268597)

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PRICE $3,800,000 dsIDX morgage calculator
BEDS 14
BATHS 14
HOME SIZE 8,044 sqft
LOT SIZE 5,358 sqft

Incredible Investment Opportunity: Fully leased, 8-Unit New Development For Sale at 576 Lenox Road.

This brand new, 4 story, boutique, rental building is located on a beautiful tree-lined street in the heart of East Flatbush, just down the road from the prestigious SUNY Downstate Medical Center, and in close proximity to Prospect Park and the Winthrop 2, 5 subway line.

Built on a 60x90 ft. lot, this stand-alone building has tons of curb appeal with its gated and manicured property flanked by two stunning Sycamore trees. Built to approximately 8044 sq. ft. with eight comfortable and generously sized homes designed to please even the most discerning renter. Comprised of two, 1 BR apartments with large private terraces, two 2 BR, 1.5-bathroom apartments, and four 2BR/2Bath apartments there is something for everyone. Featuring smart layouts with plenty of room for living, dining and more. Gorgeous hardwood floors run throughout the homes, and high ceilings, floor to ceiling windows and 3 exposures keep the apartments bright and airy all day long. The stylish modern kitchens boast ample storage and are equipped with a high-end appliance package including stainless steel dishwashers, refrigerators, microwaves and gas ranges. The bathrooms are clean and sophisticated and every apartment has a bathtub. The spacious bedrooms have large closets and will accommodate either king- or queen-sized beds. Zoned heating and cooling and video intercom systems complete the apartment packages. A central laundry room and bike storage are available for renters as well. Four, gated and covered, double parking spaces plus another 3 uncovered parking spaces are available On-site bringing in additional rental income as well.

35 Year, 421-A Tax Abatement in place.
Current rent roll boasts a 6.5% Cap Rate.
Please inquire for more information or for a Set Up

DAYS ON MARKET 5 LAST UPDATED 12/17/2024
TRACT East Flatbush YEAR BUILT 2018
COUNTY Kings STATUS Active
PROPERTY TYPE(S) Condo/Townhouse/Co-Op


ADDITIONAL DETAILS
AIR Other
AIR CONDITIONING Yes
BASEMENT Other
GARAGE Yes
LOT 5358 sq ft
LOT DIMENSIONS 90.00x60.00
STORIES 4
SUBDIVISION East Flatbush
TAXES 3192
VIEW DESCRIPTION Other
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Corcoran Group
Listing information is deemed reliable, but not guaranteed.

This IDX solution is (c) Diverse Solutions 2024.