1893 Eastern PkwyBrooklyn, NY 11233

This exceptional 11-unit apartment building, located at 1893-1895 Eastern Parkway in Brooklyn, NY 11233, presents a compelling investment opportunity. Boasting 8,279 square feet, this Class B multifamily property was constructed in 1927 and offers a substantial 126 feet of combined frontage, with 106 feet along the heavily trafficked Eastern Parkway. Currently operating as a fully free-market building, this asset allows for immediate capitalization on neighborhood improvements and future rent increases. While in excellent functional condition and requiring no immediate capital improvements, future renovations offer significant upside potential for enhanced profitability. The property benefits from a protected 2A & 2B tax class, limiting annual tax increases to a maximum of 8% or 30% over five years, providing financial stability and predictability. Its prime location, just four blocks from the Broadway Junction transportation hub (L, J, Z, A, & C trains), ensures easy access to Williamsburg, Downtown Brooklyn, and Union Square within a 35-40 minute commute. The asking price is $3,400,000, representing a price per unit of $680,000. This is a rare opportunity to acquire a well-positioned, income-generating asset in a rapidly appreciating Brooklyn neighborhood. The building's strong fundamentals, combined with its strategic location and growth potential, make it an ideal addition to any investment portfolio.