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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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/17/2024, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
3
/10
P.S. 361 East Flatbush Early Childhood School
1957 Nostrand Ave
Distance between this listing and this school0.18 miles
Public District Grades KG-2
3
/10
P.S. 399 Stanley Eugene Clark School
2707 Albemarle Rd
Distance between this listing and this school0.58 miles
Public District Grades KG-5
5
/10
P.S. 198 Brooklyn
4105 Farragut Rd
Distance between this listing and this school0.60 miles
Public Magnet Grades PK-5
Nearby Schools
8
/10
Central Brooklyn Ascend Charter School
465 E 29th St
Distance between this listing and this school0.13 miles
Public Charter Grades KG-7
5
/10
P.S. 181 Brooklyn
1023 New York Ave
Distance between this listing and this school0.54 miles
Public District Grades PK-8
3
/10
M.S. 246 Walt Whitman
72 Veronica Pl
Distance between this listing and this school0.62 miles
Public District Grades 6-8
Nearby Schools
6
/10
Midwood High School
2839 Bedford Ave
Distance between this listing and this school0.58 miles
Public District Grades 9-12
3
/10
Academy for College Preparatory and Career Exp
911 Flatbush Ave
Distance between this listing and this school0.82 miles
Public District Grades 6-12
5
/10
Academy of Hospitality and Tourism
911 Flatbush Ave
Distance between this listing and this school0.82 miles
The neighbors living near this home have an average income of $35,857. The majority of New York, NY residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
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This home is located at 422 E 31st St in New York City, NY and zip code 11226 in the Flatbush neighborhood. This 8,764 square foot home was built in 2024. Features: 14 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $3,850,000.
While more than 220 listings in New York, NY in November 2024 were sold above asking price, there were more than 769 listings sold at asking price, and more than 758 were sold below. In November 2024 in New York, NY there were 7.2% less homes for sale than in October 2024. While the average time on the market in November 2024 was 85 days, the median list price was $850,115.
From Rocket Homes Real Estate and based on county public records data.
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