386 31st, Brooklyn, New York

$1,195,000

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8

Beds

3,135

Square feet

About 386 31st

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!

Features of 386 31st

MLS® # 480202
Price $1,195,000
Bedrooms 8
Bathrooms 0.00
Full Baths 3
Square Footage 3,135
Year Built 1920
Type Multi-Family
Sub-Type Multi-Family
Status Active

Community Information

Address 386 31st
Area East Flatbush
City Brooklyn
County Kings (Brooklyn)
State New York
Zip Code 11226

Amenities

Amenities NONE
Features Refrigerator, Stove
Is Waterfront No
Has Pool No

Interior

Interior Ceramic, Hardwood
Appliances Refrigerator, Stove
Heating Steam/Radiator
Fireplace No
# of Stories 3
Has Basement Yes
Basement Full, Unfinished

Exterior

Exterior Brick
Roof Flat
Construction Brick
Foundation Stone

Additional Information

Date Listed February 29th, 2024
Days on Market 1
Zoning R6

Listing Map

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