Listing Courtesy of: BROOKLYN / eXp Realty Bkny
Brooklyn, NY 11233
Active (66 Days)
$5,175,000 (USD)
Description
MLS #:
497842
497842
Taxes
$57,600
$57,600
Lot Size
4,823 SQFT
4,823 SQFT
Type
Multifamily
Multifamily
Year Built
1910
1910
County
Kings County
Kings County
Listed By
Israel Landau, eXp Realty Bkny
Source
BROOKLYN
Last checked Feb 15 2026 at 8:17 PM EST
BROOKLYN
Last checked Feb 15 2026 at 8:17 PM EST
Bathroom Details
- Full Bathrooms: 16
Lot Information
- Yard: Back
Property Features
- Foundation: Block
- Foundation: Poured Concrete
Heating and Cooling
- Hot Air
Basement Information
- Separate Entrance
- Cellar
Flooring
- Tile
- Hardwood
- Ceramic
Exterior Features
- Brick
- Roof: Flat
Utility Information
- Fuel: Electric
Stories
- 4
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Awaye Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Brooklyn MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2/15/26 12:17
The property offers strong current income and significant upside potential through 12 fully renovated, large-format free-market units.
Highlights
16 Total Units
14 Free-Market Apartments – large, renovated 3–4 bedroom layouts
2 Rent-Stabilized Apartments – providing steady, long-term cash flow
All units have individual heating systems (tenants pay for heat)
Air conditioning in every unit
Low operating expenses due to tenant-paid utilities
High demand for large family-sized apartments in the area
Investment Summary
This asset offers investors a rare combination of stability and growth.
The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol.
Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand.
The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs.
Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI.
Investor Highlights
Strong in-place income with majority free-market exposure
Upside potential via free-market rent growth
Low maintenance costs and minimal owner responsibilities
Balanced rent roll combining stability and flexibility
Excellent opportunity for a value-focused multifamily investor