Address Withheld By Seller, Brooklyn, NY 11233
Local realty services provided by:CENTURY 21 Homefront
Address Withheld By Seller,Brooklyn, NY 11233
$5,175,000
- 52 Beds
- 16 Baths
- 16,020 sq. ft.
- Multi-family
- Active
Listed by: israel landau
Office: exp realty bkny
MLS#:497842
Source:BROOKLYN
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Price summary
- Price:$5,175,000
- Price per sq. ft.:$323.03
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:90 day(s) ago
- Updated:February 10, 2026 at 12:10 PM
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:$5,175,000
- Price per sq. ft.:$323.03
Features and amenities
- Amenities:Circuit Breakers
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