Prime Flatbush Gem - Ideal 4-Family Brick Home Used as a 3-Family with Investment Potential! Welcome to the heart of the vibrant Flatbush neighborhood! This magnificent 3-story, 4-family brick home with a full basement, expansive yard, and parking is strategically located near Nostrand Ave. This versatile property is a haven for both savvy investors and owner-occupiers alike, offering a myriad of possibilities. The first level of the property is legally 2 apartments (as per the C of O) but was combined to make one spacious unit. The versatile layout is spread across three spacious stories, and boasts three separate units, providing excellent rental income potential. Whether you're looking to keep all three units for maximum rental returns or live in one unit while renting out the others, this property caters to your investment strategy. Situated on a 23' x 100' lot with R6 zoning, there's an additional 2,400+/- square footage (based on FAR) of buildable space, offering future expansion opportunities. The full basement with high ceilings opens up a world of possibilities, making it an ideal space for additional living areas or storage. The convenient location allows you to enjoy being just moments away from diverse dining and retail establishments along Nostrand Ave and Ave D. Effortless transportation options include bus service steps away on Ave D. This property will be delivered vacant, providing you with a clean slate to envision and execute your vision seamlessly. Don't miss out on this exceptional real estate opportunity that combines prime location, investment potential, and a spacious layout. Schedule a viewing today and step into the future of Flatbush living!
Property Details
Property Features
Property Information:
Year Built: 1920
Stories: 3
Living Area: 3,135 SqFt
Listing Office:
Office Name: Bellmarc
Interior Features
Interior Information:
Appliances: Refrigerator, Stove
Basement: Yes
Flooring Type: Ceramic, Hardwood
Fireplace: Stove
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 8
Exterior Features
Parking Information:
Garage Space: 2 spaces
Parking: 2 Spaces, Shared Drive
Utilities
Utilities Information:
Heating: Steam, Natural Gas
Price Information
Listing Price Info
Price Summary:
List Price: $1,195,000
Price Per SqFt: $381/SqFt
Tax Information:
Annual Amount: $7,239
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $237.6K more than the Median Sold Price and $303/SqFt less than other homes in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #480202
Listing Office:
Office Name: Bellmarc
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
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: 4/27/2024, 3:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$7,239
$48,240
2019
$7,238
$49,920
2018
$6,158
$31,683
2017
$5,976
$31,683
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
PS 361 East Flatbush Early Childhood School
3109 Newkirk Ave
Distance between this listing and this school0.05 miles
Public District Grades PK-2
5
/10
PS 399 Stanley Eugene Clarke
2707 Albemarle Rd
Distance between this listing and this school0.53 miles
Public District Grades KG-5
5
/10
PS 198
4105 Farragut Rd
Distance between this listing and this school0.64 miles
Public District Grades PK-5
Nearby Schools
6
/10
PS 181
1023 New York Ave
Distance between this listing and this school0.49 miles
Public District Grades PK-8
6
/10
Middle School 246 Walt Whitman
72 Veronica Pl
Distance between this listing and this school0.58 miles
Public District Grades 6-8
8
/10
Middle School 255 Salk School of Science
319 E 19th St
Distance between this listing and this school0.66 miles
Public District Grades 6-8
Nearby Schools
7
/10
Midwood High School
2839 Bedford Ave
Distance between this listing and this school0.62 miles
Public District Grades 9-12
8
/10
Science, Tech & Research High School At Erasmus
911 Flatbush Ave
Distance between this listing and this school0.76 miles
Public District Grades 6-12
2
/10
High School For Service and Learning At Erasmus
911 Flatbush Ave
Distance between this listing and this school0.76 miles
The neighbors living near this home have an average income of $35,857. Typical income of Brooklyn, NY residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 386 E 31st St in Brooklyn, NY and zip code 11226 in the Flatbush neighborhood. This 3,135 square foot home was built in 1920. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 29, 2024 and is currently priced at $1,195,000.
In March 2024, from all listings sold in Brooklyn, NY there were more than 39 sold above asking price, over 151 sold below and more than 179 were sold right at the asked price. The number of homes for sale in Brooklyn, NY increased by 0.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 97 days, the median list price was $957,365.
From Rocket Homes Real Estate and based on county public records data.