16 & 18 Lenox Road 12,Brooklyn, NY 11226
Brooklyn, NY 11226
Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 12 Unit Free Market Apartment Building In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, (7) 2 Bedroom Apts., (5) 1 Bedroom Apts., Security Camera System, High 9’ Ceilings, Basement, Separate Meters, 6 Parking Spaces, 3 Phase Power, All New LED LIghting, A/C, +++!!! The Property Is Located In The Heart Of Flatbush Just Off Rt. 27 Near The Brooklyn Museum, Kings Theatre, Prospect Park & Just Minutes From I-278!!! Neighbors Include Chase Bank, USPS, Safeguard Self Storage, Target, Foot Locker, Old Navy, Planet Fitness, AT&T, Boost Mobile, Dunkin’, Key Food, H & R Block, Walgreens, McDonald’s, Popeye’s Louisiana Kitchen, Domino’s Pizza, CVS, +++!!! The Entire Building Underwent A Gut Renovation In 2024!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt. 1: $26,400 Ann.; Lease Exp.: 11/30/26. Apt. 2: $30,000 Ann.; Lease Exp.: 5/31/27. Apt. 3: $30,300 Ann.; Lease Exp.: 12/31/26. Apt. 4: $30,000 Ann.; Lease Exp.: 10/31/26. Apt. 5: $39,000 Ann.; Lease Exp.: 5/31/26. Apt. 6: $27,600 Ann.; Lease Exp.: 9/30/26. Apt. 7: $28,800 Ann.; Lease Exp.: 10/31/25. Apt. 8: $36,000 Ann.; Lease Exp.: 7/3/26. Apt. 9: $26,400 Ann.; Lease Exp.: 9/30/25. Apt. 10: $30,000 Ann.; Lease Exp.: 12/31/26. Apt. 11: $36,000 Ann.; Lease Exp.: 6/30/26. Apt. 12: $27,600 Ann.; Lease Exp.: 4/30/27. Gross Income: $368,100 Ann. Expenses: LHP: $9,108.05 Ann. Insurance: $ 7,200 Ann. Cleaning & Maintenance: $3,600 Ann. Security System/Cable: $632.64 Ann. Water: $3,929.23 Ann. Taxes: $71,895.92 Ann. Total Expenses: $96,365.84 Ann. Net Operating Income (NOI): 274,731.16 Ann.
Details
| MLS # | 1009859 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 103 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| SQ Feet | 9,834 |
|---|---|
| Units | 12 |
| Zoning | R6B |
| Acreage | 0.09 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick, Frame |
|---|
Parking
| Parking Features | On Street, Other |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 594900 |
| Tax Annual Amount | 71291.56 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11226 |
| Listing VS Median (in 11226) | |
Price: $4,650,000 low | high Med: $949,500 sqft: 9,834 low | high Med: 14,807 $ / sqft: $473 low | high Med: $227 On site: 103 low | high Med: 173.5 | |
Market Activity 11226
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11226 |
| Listing VS Median (in 11226) | |
Price: $4,650,000 low | high Med: $949,500 sqft: 9,834 low | high Med: 14,807 $ / sqft: $473 low | high Med: $227 On site: 103 low | high Med: 173.5 | |