Skip to Content
N/A (N/A /ft2) %
N/A , N/A , ~N/A ft2
, N/A Free Rent

576 Lenox Road

$3,800,000 ($472 per ft2) | 14 beds, 12+ baths | Approx. 8,044 ft2
Building Profile  | 
21 days on Market

Key Details

  • Listed: Dec 17, 2024
    Days on Market: 21
    Building Type: Rental
    Neighborhood: Crown Heights (Brooklyn)
Monthly Real Estate Taxes: $266
Total Taxes & Fees: $266 ($0.03/ft2)
Est. Monthly Mortgage: $20,409
Total Est. Monthly Carrying Cost: $20,675 ($2.57/ft2)
Note: the above is based on a down payment of 20% ($760,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious Apartments: Eight generously sized homes designed for comfort, featuring smart layouts for living and dining.
  • High-End Kitchen Appliances: Stylish modern kitchens equipped with stainless steel dishwashers, refrigerators, microwaves, and gas ranges.
  • Private Terraces: Two 1-bedroom apartments boast large private terraces, perfect for outdoor relaxation.
  • Bright and Airy Interiors: Floor-to-ceiling windows and three exposures ensure abundant natural light throughout the day.
  • Luxurious Bathrooms: Sophisticated bathrooms in every apartment, complete with bathtubs for a spa-like experience.
  • Central Heating and Cooling: Zoned heating and cooling systems provide year-round comfort in every apartment.

Description

Incredible Investment Opportunity: Fully leased, 8-Unit New Development For Sale at 576 Lenox Road.

This brand new, 4 story, boutique, rental building is located on a beautiful tree-lined street in the heart of East Flatbush, just down the road from the prestigious SUNY Downstate Medical Center, and in close proximity to Prospect Park and the Winthrop 2, 5 subway line.

Built on a 60x90 ft. lot, this stand-alone building has tons of curb appeal with its gated and manicured property flanked by two stunning Sycamore trees.

Built to approximately 8044 sq. ft. with eight comfortable and generously sized homes designed to please even the most discerning renter. Comprised of two, 1 BR apartments with large private terraces, two 2 BR, 1.5-bathroom apartments, and four 2BR/2Bath apartments there is something for everyone. Featuring smart layouts with plenty of room for living, dining and more.

Gorgeous hardwood floors run throughout the homes, and high ceilings, floor to ceiling windows and 3 exposures keep the apartments bright and airy all day long. The stylish modern kitchens boast ample storage and are equipped with a high-end appliance package including stainless steel dishwashers, refrigerators, microwaves and gas ranges. The bathrooms are clean and sophisticated and every apartment has a bathtub.

The spacious bedrooms have large closets and will accommodate either king- or queen-sized beds. Zoned heating and cooling and video intercom systems complete the apartment packages. A central laundry room and bike storage are available for renters as well.

Four, gated and covered, double parking spaces plus another 3 uncovered parking spaces are available On-site bringing in additional rental income as well.

35 Year, 421-A Tax Abatement in place.
Current rent roll boasts a 6.5% Cap Rate.
Please inquire for more information or for a Set Up

All content above are visible to screen reader users, so you may ignore the show more button below.

Apartment Amenities

  • Terrace
Listing courtesy of Corcoran Group

Pricing History

Certain content is available only to members. There's no obligation.
Show more
For More
Information
Book an in-person or virtual tour.
It's quick and easy. Cancel anytime.
Or connect with one of our
experts with any questions

About 576 Lenox Road

Building Amenities

  • Central AC
  • Smoke-free

All content above are visible to screen reader users, so you may ignore the show more button below.

{ "key" : "AIzaSyDquABdSLhathmwfnoTcYwA1BY6coZZyZk", "lat": 40.65461, "lng": -73.93893, "marker": { "icon": "https://img4-ab.cityrealty.com/neo/i/w/amenities/base.png" } }