2156 Cortelyou Road

For Sale$3,300,000

2156 Cortelyou Road, Brooklyn, NY 11226

  • Multi-Family

2156 Cortelyou Road, Brooklyn, NY 11226 - Multi-Family Space

2156 Cortelyou Road is located at 2156 Cortelyou Road in the Flatbush neighborhood, NY, Brooklyn, 11226. The Multi-Family building features a total of 8,641 Sqft.

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Details

  • Sale Price $3,300,000
  • City Brooklyn
  • Neighborhood Flatbush
  • Zip Code 11226
  • Market Brooklyn
  • Property Type Multi-Family
  • Property Size 8,641 Sqft
  • Lot Size 0.07 Acre
  • Date Updated 26 Nov, 2019

Description

Ariel Property Advisors is pleased to present 2156 Cortelyou Road, a 13-unit multifamily property located on the corner of East 22nd and Cortelyou Road in Flatbush.

The building stands 4 stories tall and encompasses approximately 8,641 gross square feet with 28’ of frontage and 90’ deep on a 100’ lot. Of the 13 units, there are eleven free-market apartments and 2 rent-stabilized apartments. The residential unit mix consists of 13 fully occupied apartments, with one (1) studio, three (3) one-bedrooms, seven (7) two-bedrooms and two (2) three-bedrooms. All residential units have spacious bedrooms and living/kitchen areas with large windows which allow substantial light and air. Additionally, the property carries an assumable mortgage of approximately $1,970,000 with a rate of 3.875% through May 2024 with a five (5) year extension.

There is heavy foot traffic along the Cortelyou and Flatbush Ave intersection with many choices including restaurants, medical offices and stores. The area is well served by public transportation with the Q, 2, 5 trains and B41, B49 buses all located within walking distance to the subject property.

2156 Cortelyou Road presents the rare opportunity to acquire a strong cash flowing, free-market property in the rapidly growing neighborhood of Flatbush.

Flatbush Demographics

The average household income in zip code 11226 is $69,166, from a total of 36,733 households. In terms of employment, there are 84.11 % white-collar and 15.89 % blue-collar jobs in zip code 11226.

Population

  • Total Population100,277
  • Male Population(45.0 %) 45,123
  • Female Population(55.0 %) 55,154
  • Median Age34.70

Income/Financial

  • Average Household Income$69,166
  • Median Household Income$52,052
  • Median Income Under 25$47,993
  • Median Income 25-44$62,636
  • Median Income 45-64$51,392
  • Median Income Over 65$34,392

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Lawrence Sarn

Ariel Property Advisors

(212) 544-9500 x 54

Victor Sozio

Ariel Property Advisors

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Oliver Elihu

Ariel Property Advisors

(212) 544-9500 x 21