Active
236 East 28th Street
Brooklyn NY, 11226
$3,750,000
$192.90 per sqft
Active
26 Beds
22 Baths
19,440 sqft
Multi-family
Built in 1926
Seize the opportunity to own a prime multifamily property in the vibrant Flatbush neighborhood of Brooklyn. This 22-unit apartment building offers a blend of one-bedroom units and four two-bedroom units. The spacious apartments feature ample closets and restored hardwood floors, ensuring high tenant satisfaction and low vacancy rates. The building is well-maintained with no repairs needed and no outstanding violations. Currently 95% occupied, it offers the following key investment benefits.
Multifamily properties, like this one, prove to be very resilient during economic downturns, with increased demand for renting over homeownership. Situated centrally in Flatbush, residents are just five minutes from Kings Theatre and close to Brooklyn's main attractions like the Brooklyn Museum, Prospect Park, and the Brooklyn Botanic Garden, all accessible by a short bike ride or a minute subway ride.
Historically, multifamily real estate outperforms other asset classes during economic slowdowns. This building has had consistent occupancy rates during past recessions, highlighting its dependable income potential. With units currently below legally regulated rent, there's potential to quickly increase profitability.
Located minutes away from the #5 and #2 express trains, it takes approximately minutes to travel to and from Manhattan. Full amenities are available on nearby Flatbush Avenue, and there are many new developments in the area.
Invest in this 22-unit gem in Flatbush and benefit from the enduring stability and profitability of multifamily real estate. Contact us today to schedule a viewing and secure a robust addition to your investment portfolio.
484845
MLSⓇ ID
August 8, 2024
Listed
September 13, 2024
Updated
Map
236 East 28th Street
Brooklyn NY, 11226
Interior Features
Total Stories
4
Bedrooms
26
Total Bathrooms
22
Full Bathrooms
22
Interior Features
Parquet
Appliances
Gas Water Heater, Refrigerator, Cooktop
Floor Description
Parquet
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Hot Water, Natural Gas, Oil
Exterior/Building Features
Lot Size
0.12 Acres
Other Property Details
Area Name
Brooklyn
Taxes
$41,639
Tax Frequency
Annually
Days on Market
14
Garage
No
View
No
County
Kings
Pool
No
Zoning
R6
Listed by Marcia Melendez with eXp Realty BKNY
Listing Contact: 8882760630
Based on information from Brooklyn Board of REALTORS®. Data last updated 9/13/2024. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revived Residential shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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