Check Availability
$2,349,000
Commercial - In Contract

1422 Flatbush Avenue

Midwood, NY 11210
bedrooms
Studio
bathrooms
0 Bath
$13,113
Estimated Monthly
$0
HOA / Fees
0.11%
Cap Rate

About This Property

Prime Corner Farragut Rd Renovated Mixed-use 7 Family with 3 Stores. Lot Size: 4,450 SF Building size: Lot 11,300 SF. Gross Income $212,389 Net Income $150,3315.85..Property has seven 3 Bedroom apartments with an 1,050 SF average each. 3 Stores are a total of 2,200 SF. Basement has an office, and also, an over 3,000 SF bsmt area can be utilized for extra income (storage, Laundry machines). . bsmt area can be utilized for extra income (storage, gym, Laundry machines, etc). Roof can be utilized for cell phone towers. Great visibility corner
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,579
HOA Dues
-
Year Built
1931
Last updated: 2 months ago (OneKey MLS #ONE3434705)

Price History

Date / Event Date Event Price
Mar 18, 2024 In contract -
In contract
Sep 12, 2023 Price Decreased $2,349,000
↓ $31K (1.3%)
Price Decreased
Sep 5, 2023 Price Decreased $2,380,000
↓ $19K (0.8%)
Price Decreased
Mar 19, 2023 Price Decreased $2,399,000
↓ $101K (4%)
Price Decreased
Jan 24, 2023 Price Decreased $2,500,000
↓ $100K (3.9%)
Price Decreased
Show More

Property Highlights

Doorman
Exterior Details

Property Information

Square Footage : 11300
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1931

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.1
Lot Size Square Feet: 4450
Lot Size Dimensions: 74x116 irr
Financial Details
Tax Annual Amount: $18,947

Building Info

Overview

    General

  • Year Built: 1931
  • Building Count: 1
  • Floor Count: 3
  • Total Unit Count: 10
  • Residential Unit Count: 7
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 4,450
  • Lot Size Depth Feet: 116
  • Lot Size Frontage Feet: 15
  • Building Depth: 116
  • Building Frontage: 15
  • Gross Building Area: 11,300

    Building Floor Area

  • Residential Building Floor Area: 9,100
  • Commercial Building Floor Area: 2,200
  • Retail Building Floor Area: 2,200

    Floor Area Ratio

  • Built Floor Area Ratio: 3
  • Residential Floor Area Ratio: 4
  • Facilities Floor Area Ratio: 4

Building

  • Building Type: C7
  • Lot Type: 3
  • Land Use: 04
  • Irregular Lot Code: Y
  • Extension Code: N

Neighborhood

  • Community District: 314
  • City Council District: 45
  • Police Precinct: 70
  • Fire Company: E281
  • Health Area: 7220
  • Sanitation District Borough: 3
  • Sanitation Subsection: 3E
  • School District: 22

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R7A
  • Zoning Commercial Overlay 1: C2-4

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 5249
  • Lot: 40
  • Borough Block Lot: 3052490040

    Address

  • Full Address: 1422 Flatbush Avenue
  • Zip Code: 11210

Valuation

    Assessments Valuation

  • Assessed Total Value: $621,900
  • Assessed Land Value: $14,850

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$2,070,000 Nov 5, 2022
$2,070,000 May 15, 2023
$5,156/mo
Townhouse
Stu
-
-
$2,245,000 Apr 15, 2017
$2,245,000 Aug 17, 2017
-
Townhouse
Stu
-
-
$1,925,000 Aug 6, 2015
$1,925,000 May 10, 2016
-
House
4 Beds
4 Baths
4,051 ft²
$531/ft²
$2,150,000 Sep 4, 2023
$2,150,000 Nov 27, 2023
$629/mo
Townhouse
6 Beds
5 Baths
3,860 ft²
$576/ft²
$2,225,000 May 10, 2021
$2,225,000 Aug 31, 2021
-
House
6 Beds
4 Baths
4,436 ft²
$564/ft²
$2,500,000 Aug 28, 2020
$2,500,000 Apr 19, 2021
-
Commercial
Loft
-
-
$1,999,999 Apr 15, 2024
-
-
Other
Loft
-
3,600 ft²
$694/ft²
$2,500,000 Mar 10, 2023
-
-
Other
Loft
9 Baths
4,140 ft²
$627/ft²
$2,595,000 Jan 30, 2023
-
$1,431/mo
Other
Loft
-
3,500 ft²
$557/ft²
$1,950,000 Jan 24, 2023
-
$6,015/mo
Other
Loft
8 Baths
-
$2,750,000 May 24, 2023
-
-
House
Stu
-
-
$2,500,000 Dec 5, 2023
-
$2,250/mo

About Central Brooklyn


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Frequently Asked Questions

When was property at 1422 Flatbush Avenue built and last sold?
The property at 1422 Flatbush Avenue was built in 1931 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1422 Flatbush Avenue is $2,372,490.
What are some comparable homes to 1422 Flatbush Avenue?
Homes that are comparable to 1422 Flatbush Avenue include a commercial property at 1623 Nostrand Avenue, a other property at 1470 Flatbush Avenue, 276 East 23rd Street.

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