16 days on rocket

259 Linden Blvd, New York City, NY, 11226

$1,250,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
6 Full Baths, 1 Partial
Townhouse
Schools Nearby

Location

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259 Linden Blvd, New York$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1931
CoolingWindow Unit(s)
ViewOther
MLS #RPLU-798322983385
StatusActive

About 259 Linden Blvd

<p><span>Investors and developers, take note! Cash-flowing asset "Turn Key Rent Stabilized Building"</span></p><p><span></span></p><p><span>A fully occupied 6-unit building in the heart of Flatbush Brooklyn is up for sale in a rapidly gentrifying neighborhood. This property is a reliable source of cash flow, generating $89,368 in Gross Income annually with occupants who treat the building as their own. Each unit offers 2 bedrooms, 1 bathroom, and around 700 sq. ft. (total of 12 bedrooms).</span></p><p><span></span></p><p><span>Besides its current cash flow, there's tremendous potential for growth. </span></p><p><span>Zoned R7-1, C1-3, with 6,398 unused FAR, there's room for development or opportunity to sell air rights down the line. Conveniently located at Linden Blvd/Nostrand Ave, by Prospect Park, various train lines, hospitals, Brooklyn Museum, and shopping centers, this property is centrally positioned in Brooklyn's vibrant scene.</span></p><p><span></span></p><p><span>If you're looking for an income-generating investment with potential, this is it! It is right by Rt. 27, and minutes from the BQE.</span></p><p><span></span></p><p><span>Don't miss out on this prime turnkey investment or portfolio addition!</span></p><p><span></span></p><p><span>- The roof and building are in overall great condition </span></p><p><span>- Storage space available in the basement</span></p><p><span>- The boiler is 7 years old</span></p><p><span>- New electric sub-panels (Apt 1R & 1L 50amps)</span></p><p><span>- Lot Size: 26ft x 126.8ft (3,298)</span></p><p><span>- Building Class: C2</span></p><p><span>- Year Built: 1931</span></p><p><span>- Zoning: R7-1, C1-3</span></p>

Property Details

Property Features

Property Information:

  • Year Built: 1931

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices New York Properties
  • Office Phone: (212) 710-1900
  • Listing Agent: Doron Berenholtz
  • Agent Phone: (718) 344-2668

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • View: Other

Utilities

Utilities Information:

  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

259 Linden Blvd vs New York

16 DAYS ON ROCKET

-80 Days

$1,250,000

+$400.8K More

KEY TAKEAWAY

This property is $400.8K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-798322983385

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices New York Properties
  • Office Phone: (212) 710-1900
  • Listing Agent: Doron Berenholtz
  • Agent Phone: (718) 344-2668

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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: 5/15/2024, 11:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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.

Nearby Schools

school-card-donut-1895080
3
/10

  • PS 92 Adrian Hegeman

  • 601 Parkside Ave

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-1895081
5
/10

  • PS 399 Stanley Eugene Clarke

  • 2707 Albemarle Rd

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-1895082
9
/10

  • PS 397 Foster-Laurie

  • 490 Fenimore St

  • 0.43 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,286. Typical income of New York, NY residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 259 Linden Blvd

What is the listing price of this property?

The listing price of 259 Linden Blvd property is $1,250,000.

What type of property is this?

The property 259 Linden Blvd is a townhouse located in New York City, New York, 11226.

Is this property for sale now?

Active Listing: 259 Linden Blvd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 259 Linden Blvd has 12 bedrooms and 6 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 259 Linden Blvd is 1931.

Rocket Homes›New York›Kings County›New York›11226›259 Linden Blvd

This home is located at 259 Linden Blvd in New York City, NY and zip code 11226 in the Flatbush neighborhood. This home was built in 1931. Features: 12 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $1,250,000.

In April 2024, from all listings sold in New York, NY there were more than 168 sold above asking price, over 748 sold below and more than 758 were sold right at the asked price. The inventory of homes for sale in New York, NY between March 2024 and April 2024 increased by 3.8%. While the average time on the market in April 2024 was 96 days, the median list price was $849,191.

From Rocket Homes Real Estate and based on county public records data.

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