Flatbush Brooklyn 12 unit SRO cash flowing 5k monthly

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Flatbush Brooklyn 12 unit SRO cash flowing 5k monthly

Hadley Benoit
Real Estate Agent · Freeport, NY · Member since 2017 · 28 posts · 3 votes

Legal 12 Room SRO (single room occupancy) Townhouse Located In Desirable Flatbush Area, Close To All Shopping, R6B Zoning

currently cash flowing 5k monthly.

Sellers motivated, entertaining all cash offers.

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  • Account Closed
    Investor · Sanford, FL · Member since 2014 · 47 posts · 3 votes
    9y

    Is this property entirely off market, not listed on the internet, including LoopNet?

    Jeraldine

    321 377 0992

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  • Hadley Benoit
    OP
    Real Estate Agent · Freeport, NY · Member since 2017 · 28 posts · 3 votes
    9y

    I have the property listed on the MLS for 999k. Sellers are entertaining all reasonable offers. This is not a distressed situation but sellers are somewhat motivated.

    Hadley

    516-870-2626

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  • Jorge Mendez
    Rutherford, NJ · Member since 2016 · 16 posts · 4 votes
    9y

    Could you provide a cross streets or MLS number. I would greatly appreciate any additional info on the property or seller, and property. I like to see if there is upside if improvements are made.

    Hi Jeraldine,

    Why invest in NY when FL is a really hot market, specially Orlando and Daytona?  Curious since I've been looking for a few weeks at these two markets

    Regards,

    JM

    917.548.1684

    0Reply
  • Hadley Benoit
    OP
    Real Estate Agent · Freeport, NY · Member since 2017 · 28 posts · 3 votes
    9y

    MLSLI#2955719

    Building is an attached 3 story townhouse in Flatbush Brooklyn.  Legal 12 room SRO. Current monthly cash flow is 5k, all residents paying below market rents. No leases.  Property adequately maintained but no recent updating.

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  • Eric A.
    Queens, NY · Member since 2014 · 153 posts · 64 votes
    9y
    Hadley Benoit it cash flows $5k after expenses, or is $5k the gross rent? What are the expenses and rent roll?
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  • Hadley Benoit
    OP
    Real Estate Agent · Freeport, NY · Member since 2017 · 28 posts · 3 votes
    9y

    sorry, 5k gross rent

    Monthly cash flows after expenses aprox $4000

    0Reply
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