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281 23rd Street, Brooklyn, NY 11215

Brooklyn
Local realty services provided by:CENTURY 21 Homefront
281 23rd Street,Brooklyn, NY 11215
$1,950,000
  • - Beds
  • 16 Baths
  • 8,493 sq. ft.
  • Multi-family
  • Active
Listed by: candice ficalora, gregory valvo
Office: revived residential
MLS#:499360
Source:BROOKLYN

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$229.6

About this home

Turnkey multifamily investment - 281 23rd Street is a beautifully-maintained masonry pre-war building spanning approximately 8,492 square feet above-grade. The building hosts 12 apartments, eight of which are configured as 2 BR, while the remaining four are 1 BR. The building is being offered for sale for the first time in almost 40 years. Current ownership has taken long-term care of the property, offering new ownership a turn-key cash flowing asset. Core asset with stable cash flow and future upside - All apartments are rent-stabilized and leased. The asset currently generates over $270,000 gross annually. Average AGI/NSF is $34.61, equating to an average monthly rent of $1837 per apartment, this is approximately 75% of market rents of comparable rentals in area. This allows future investors to take advantage of immediate rental income on day one with virtually no work, while retaining substantial long-term upside as units are brought to market rate over time. Ideal location with

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Home facts

  • Year built:1931
  • Listing ID #:499360
  • Added:1 day(s) ago
  • Updated:March 05, 2026 at 02:34 AM

Rooms and interior

  • Total bathrooms:16
  • Full bathrooms:8
  • Flooring:Carpeting, Ceramic, Hardwood, Linoleum
  • Basement Description:Cellar, Semi-Finished, Separate Entrance
  • Living area:8,493 sq. ft.

Heating and cooling

  • Heating:Gas, Steam/Radiator

Structure and exterior

  • Roof:Asphalt/Tar, Flat
  • Year built:1931
  • Building area:8,493 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Brick
  • Foundation Description:Poured Concrete
  • Levels:4 Stories

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$229.6

Features and amenities

  • Amenities:Circuit Breakers
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