Investor Opportunity! Tenant in place until May 2027. Currently paying $2,900. Cap Rate 4.6%. With great long term appreciation potential. Bright & beautiful! 1 Bed / 1 Bath in full-service condominium. Generously sized, north-facing apartment awash with natural light. Also comes with a big balcony! Spacious 11'x14' bedroom easily accommodates a king-sized bed. Enjoy top of the line stainless steel appliances by Fisher & Paykel, Bertazzoni, and Blomberg, including gas cooktop and dishwasher. There's also a stackable LG Washer & Dryer in the unit for your convenience. Hardwood floors throughout, zoned Central Air & Fios enabled. All of this in an extraordinary full-service condo with a beautiful lobby, doorman, package room, lounge/library, recreation room, gym, children's playroom, pet spa, roof terrace with extraordinary views and an outdoor kitchen/dining area. Additional laundry room in basement. Tax Abatement until 2034. A plethora of incredible independent restaurants, cafes and bars, the Farmer's Market, Flatbush Food Co-op and other conveniences nearby, including all that Cortelyou Rd has to offer. Super close to the Q and B trains at Newkirk Plaza and the F train at Ditmas Ave. Access beautiful, Ocean Parkway's walking and bike paths, just 2 blocks away. Prospect Park, Downtown Brooklyn, Manhattan and Coney Island all easily accessible! Parking available for rent! Contact us for a private showing today. Monthly assessment of $429.23 through October 2025 - seller will pay this assessment.
Listed by Peter J Poljan
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POLJAN PROPERTIES INC
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(718) 484-4776
Listed by Dan Patsis
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POLJAN PROPERTIES INC
Last updated October 02, 2025
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Source: REBNY #RLS20047456
Listing Facts
TypeCondo
NeighborhoodKensington
Bedrooms1
Bathrooms1
Days on Prevu43
HOA/Maint. Fees$850/month
Size683 sqft
Price per sqft$747
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
10/02/2025
Price Decreased
$510,000
09/10/2025
Listed by POLJAN PROPERTIES INC
$530,000
Estimated Closing Costs
Total
$33,364
Attorney Fees
$4,000
Title Insurance
$2,295
Bank Attorney
$1,500
Mortgage Recording Tax
$8,262
Other Closing Costs
$4,000
NY State Transfer Tax
$2,040
NYC Transfer Tax
$7,267
Seller's Attorney Fee
$4,000
Estimated closing costs are based on the list price of $510,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.