For Sale
$8,500,000

Flatbush 2 Building Portfolio New York, NY 11210

Prime Brooklyn investment opportunity: 50-unit multifamily portfolio.

Overview

Added:
Dec 20, 2024
Days on market:
129
This exceptional value-add investment opportunity presents a portfolio of two multi-family buildings located in the vibrant Flatbush neighborhood of Brooklyn, New York, totaling 50 units. The portfolio comprises two properties: one located at 485 East 21st Street, featuring 28 units and 25,000 square feet, and another at 2105 Foster Avenue, encompassing 22 units and 26,640 square feet. Built in 1992, these four-story buildings offer significant potential for value enhancement. The combined building size is 51,640 square feet, situated on a 0.44-acre lot. The portfolio currently generates a net operating income of $943,375. Conveniently located, the properties are within 0.31 miles of the Marlborough & Cortelyou Road Station (B and Q trains), providing easy access to public transportation. Residents enjoy the proximity to Ocean Parkway and Prospect Park, as well as numerous public schools, restaurants, and parks. This portfolio represents a compelling investment opportunity in a high-demand area with strong rental potential. The asking price for this exceptional multifamily portfolio is $8,500,000.

Highlights

  • Prime Brooklyn location near public transit, parks, and amenities.
  • Two multi-family buildings totaling 50 units and 51,640 square feet.
  • Strong potential for value-add investment with $8.5M asking price and $943,375 NOI.

Property Details for Flatbush 2 Building Portfolio

Property type
Office buildings, Residential income homes
Investment Type
value-add
Square Feet
51,640 SF
Price / Square Foot
$164.60
Year Built
1992
Buildings
2
Stories
4
Elevators
N/A
Lot Size (sq. ft)
19,166 SF
Units
50
Net Operating Income
$943,375

Location Insight

City
New York
County
Brooklyn
State
New York

FAQs

What type of property is this?
Office building - Prime Brooklyn investment opportunity: 50-unit multifamily portfolio.
Where is the office building located?
The property is located at Flatbush 2 Building Portfolio New York, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Prime Brooklyn location near public transit, parks, and amenities.; Two multi-family buildings totaling 50 units and 51,640 square feet.; Strong potential for value-add investment with $8.5M asking price and $943,375 NOI.
How can I contact the broker?
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Flatbush 2 Building Portfolio
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