Address Withheld By Seller, Brooklyn, NY 11233
Local realty services provided by:CENTURY 21 Homefront
Address Withheld By Seller,Brooklyn, NY 11233
$4,500,000
- 52 Beds
- 16 Baths
- 16,020 sq. ft.
- Multi-family
- Active
Listed by: israel landau
Office: exp realty bkny
MLS#:497842
Source:BROOKLYN
Sorry, we are unable to map this address
Price summary
- Price:$4,500,000
- Price per sq. ft.:$280.9
About this home
Exceptional 16-unit multifamily building featuring a balanced mix of 14 free-market and 2 rent-stabilized apartments.
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...
Contact an agent
Home facts
- Year built:1910
- Listing ID #:497842
- Added:176 day(s) ago
- Updated:June 06, 2026 at 11:15 AM
Rooms and interior
- Bedrooms:52
- Total bathrooms:16
- Full bathrooms:16
- Flooring:Ceramic, Hardwood, Tile
- Kitchen Description:Refrigerator, Stove
- Basement Description:Cellar, Separate Entrance
- Living area:16,020 sq. ft.
Heating and cooling
- Heating:Electric, Hot Air
Structure and exterior
- Roof:Flat
- Year built:1910
- Building area:16,020 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Brick
- Exterior Features:Back Yard
- Foundation Description:Block, Poured Concrete
- Levels:4 Stories
Finances and disclosures
- Price:$4,500,000
- Price per sq. ft.:$280.9
Features and amenities
- Amenities:Circuit Breakers
New listings near 11233
- Open Sun, 12:30 to 1:30pmNew
$1,975,000Active2 beds 2 baths1,017 sq. ft.350 6th Avenue #2, Brooklyn, NY 11215
MLS# RLS20096060Listed by: DIGS REALTY GROUP LLC - New
$1,600,000Active-- beds 5 baths3,391 sq. ft.321 97th Street, Brooklyn, NY 11209
MLS# 501955Listed by: VELSOR REALTY - New
$549,900Active6 beds 2 baths2,160 sq. ft.580 Chester Street, Brooklyn, NY 11212
MLS# 1009247Listed by: REONY.COM, INC. - New
$228,000Active1 beds 1 baths800 sq. ft.2229 Knapp Street #1C, Brooklyn, NY 11229
MLS# 502055Listed by: SUPERIOR REALTY SERVICE - New
$668,000Active1 beds 1 baths649 sq. ft.1807 66th Street Avenue #3E, Brooklyn, NY 11214
MLS# 502054Listed by: EXP REALTY BKNY - Open Sun, 1 to 2pmNew
$1,250,000Active2 beds 1 baths981 sq. ft.128 S 1st Street #1F, Brooklyn, NY 11249
MLS# RLS20096049Listed by: CORCORAN GROUP - New
$679,900Active5 beds 2 baths1,900 sq. ft.706 Cleveland Street, Brooklyn, NY 11208
MLS# 502039Listed by: REONY.COM LTD - New
$1,665,000Active8 beds 4 baths1,600 sq. ft.723 51st Street, Brooklyn, NY 11220
MLS# 502050Listed by: TIGER REALTY - New
$325,000Active1 beds 1 baths650 sq. ft.7609 4th Avenue #A7, Brooklyn, NY 11209
MLS# 502051Listed by: RE/MAX ELITE - Open Sun, 12 to 1pmNew
$1,250,000Active4 beds 3 baths1,900 sq. ft.1495 East 15 Street, Brooklyn, NY 11230
MLS# 502052Listed by: BELLMARC