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    986 Rutland Rd Brooklyn, NY 11212

    Sponsored
    For Sale
    $1,495,555

    East Flatbush investment opportunity: high NOI potential.

    Property size:
    5,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story mixed-use building, located at 986 Rutland Road in Brooklyn, NY (zip code 11212), presents a compelling value-add investment opportunity. The property sits on a prime corner lot, measuring 20x90 feet, and offers a total of 7,200 square feet of space

    Property Features for 986 Rutland Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,400 SF

    Building Details

    Stories
    3
    Units
    6

    HighLights

    • Exceptional three‑story mixed‑use building in prime East Flatbush location.
    • Corner lot (20x90 ft), totaling 7,200 square feet.
    • Residential/Commercial zoning allows for development potential.
    • High visibility and strong rental demand.
    • Compelling value‑add investment opportunity in Brooklyn, NY (11212).
    Property Profile Location Intelligence

    Current Use by Public Records

    Tasty pizza and chicken American Restaurant Rutland Halal Grill Halal Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.926855016793
    Latitude
    40.662335995332

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    FAQs

    What type of property is this?
    Multifamily property - East Flatbush investment opportunity: high NOI potential.
    Where is this multifamily property located?
    The property is located at 986 Rutland Rd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,495,555.
    What are key features of this property?
    This property features: Exceptional three-story mixed-use building in prime East Flatbush location.; Corner lot (20x90 ft), totaling 7,200 square feet.; Residential/Commercial zoning allows for development potential.
    Request Owner's contact information
    986 Rutland Rd Brooklyn, NY 11212
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    Brooklyn, NY 11212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    986 Rutland Rd Brooklyn, NY 11212
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