Contacts

DJ Johnston

Matthews Real Estate Investment Services

Bobby Lawrence

Matthews Real Estate Investment Services

Bryan Kirk

Matthews Real Estate Investment Services

Jermaine Pugh

Matthews Real Estate Investment Services

Henry Hill

Matthews Real Estate Investment Services

Property Details

Property Type Multi-Family
Property Size 9,920 SF
Units 12
Lot Size 0.05 Acre
Cap Rate % 6.51
Additional Rent Contact for pricing
Year Built 2019
Date Updated Nov 26, 2024

Well-Located: Just blocks from Target and Brooklyn College, two key economic engines for Central Brooklyn
2019 Construction: Properties is highly efficient and represents turn-key cashflow with very low maintenance
High-End Finishes: Units are outfitted with high-end appliances, fixtures, central heating / cooling and all have private terraces, rooftops and/or patios.
421a Tax Abatement: Properties benefit from 421a tax abatement (expires 2057), with current total taxes of just $3,737 per year
High Legal Rents: 4 of 12 units are rent stabilized per the 421a tax abatement – current rents for stabilized units average $2,348/mo.
Path To Fully Free Market: Four stabilized units can be converted to free market upon tenant turnover after abatement expiration.
Proximity to Brooklyn College: The neighborhood enjoys high demand for rental units from families, students and professionals alike
Transportation Accessibility: Two blocks to the 2 & 5 trains at Flatbush Avenue – Brooklyn College, offering access to Downtown Brooklyn and Manhattan within 30-40 minutes

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

95/100
Walk Score ®
100/100
Transit Score ®
61/100
Bike Score ®

Powered by Walk Score ®

Location

City Brooklyn, NY
Neighborhood East Flatbush
Zip Code 11210
Market Brooklyn

Points of Interest

Flatbush Avenue–Brooklyn College

0.12 miles
Avenue H

0.88 miles
Avenue J

0.96 miles
Cortelyou Road

1.14 miles
Mex Cabs

1.14 miles
Juniors Car Service

1.17 miles
Beverley Road

1.29 miles
A-Kings Highway Car Service

1.76 miles
Norwood Car & Limo

1.92 miles
Church Ave Express Car Service

1.94 miles

Allegiance

0.68 miles
Sunoco

1.14 miles
Speedway

1.19 miles
BP

1.25 miles
Shell

1.35 miles
Citgo

1.48 miles
EVgo

2.37 miles
Tesla Supercharger

2.75 miles
plugNYC

3.19 miles
FLO

3.41 miles

Pathmark

0.52 miles
CVS

1.09 miles
Eastern Fruits and Vegetables

1.13 miles
US Postal Service

1.15 miles
Kings County Parking Garage

1.68 miles
Kings Plaza Car Lot

2.12 miles
Fine Fare

2.18 miles
Roosevelt Savings Bank

2.18 miles
Chase Bank Parking

2.38 miles
The Brooklyn Museum and Botanic Garden

2.82 miles

Ramada

0.19 miles
Brooklyn Vybe Hotel, Ascend Hotel Collection

1.17 miles
Best Western Plus

1.18 miles
Home

1.90 miles
Days Inn

2.37 miles
Holiday Inn Express

2.86 miles
Knights Inn

2.88 miles
The Brooklyn Riviera Hostel

2.93 miles
Hotel Sunrise

2.99 miles
King Hotel

3.12 miles

Target

0.11 miles
Key Food

0.32 miles
Pathmark

0.49 miles
C-Town

0.74 miles
Berry Goods Supermarket

0.99 miles
Sears

1.04 miles
Ideal Food Basket

1.04 miles
Green Acre Farms

1.14 miles
Flatbush Food Co-Op

1.19 miles
Amazing Savings

1.20 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.