Active
5221 Flatlands Avenue
Brooklyn NY, 11234
$9,500,000
$325.88 per sqft
Active
29,152 sqft
Commercial
Built in 2009
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
807492
MLSⓇ ID
December 23, 2024
Listed
February 5, 2025
Updated
Map
5221 Flatlands Avenue
Brooklyn NY, 11234
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, ENERGY STAR Qualified Equipment, Separate Meters
Heating
Yes
Heating Description
ENERGY STAR Qualified Equipment, Forced Air, Hot Air
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
Brooklyn 22
High School
Midwood High School
Elementary School
Ps 236 Mill Basin
Other Property Details
Taxes
$128,531
Tax Frequency
Annually
Days on Market
44
Garage
No
Parking
Underground
View
No
County
Kings (Brooklyn)
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
1/14/2025 | Price change | $9,500,000 -14% |
12/23/2024 | Active | — |
Listed by Reginald Brannen with Blue Key Real Estate Brokerage
Listing Contact: 718-921-2280
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Pagano Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 OneKey MLS. All rights reserved.
Data last updated 2:37 PM UTC, 2/5/2025
