New Construction 6-Family Investment
2721 E 21st Street Brooklyn, NY 11235
2721 E 21st Street, Brooklyn, NY, 11235
$3,990,000
For Sale
$3,990,000
MULTI_FAMILY - Brooklyn, NY
Property Size5,775 SF
Lot Size0.14 Acres
Price / SF$690.91
Days on Market446
Property Features for 2721 E 21st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bathroom 3, Bathroom 5, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 6
- Patio and Porch features
- Deck, Porch, Patio
- Interior features
- A/C Unit - Wall, Deck, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
- Basement
- Full, Crawl Space
- Standard status
- Active
- Size
- 5,775 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 56300
Building Details
- Year built
- 2022
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Ceramic, Hardwood, Tile
- Building materials
- Block, Brick
- Roof type
- Shingle, Metal
Listing Agency
A P Services Inc
(347) 515-8272
44 Bay 38th St, Brooklyn, NY
Listed by
Aliaksei A. (Alex) Palaukou · License #AP8095
(347) 515-8272
Added: May 1, 2025 Updated: Jul 12 at 5:40 am Checked: Jul 20 at 4:06 pm
MLS# 492331
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly constructed 6-family building is located in Sheepshead Bay, Brooklyn. The property spans over 6,000 square feet and offers a projected gross annual income of approximately $265,200. Each of the three floors features two apartments: one 1-bedroom unit with a private balcony and one 2-bedroom unit with a private balcony. Every apartment is equipped with a washer and dryer, split-system heating and cooling units in every room, heated floors, and modern finishes throughout. The property also includes separate gas and electric meters for each unit and one dedicated parking space per apartment. The property is located in Sheepshead Bay, close to the B and Q subway lines, Sheepshead Bay Road, and the Belt Parkway. It is also near schools, supermarkets, restaurants, and shopping. This property is suitable for investors seeking rental income in a Brooklyn location with transportation and neighborhood amenities. The lot size is 0.14 acres.
Key Highlights
- New construction 6‑family building built in 2022 with over 6,000 SF of space
- Two apartments per floor: one 1‑bedroom and one 2‑bedroom unit, each with a private balcony
- Each unit includes washer/dryer, split‑system heating and cooling units in every room, and heated floors
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $327.1k | $56.64 |
| − Vacancy | −$6.5k | −$1.13 |
| EGI | $320.6k | $55.51 |
| − OpEx | −$144.2k | −$24.98 |
| NOI | $176.3k | $30.53 |
5,775 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.52M
$2.20M – $2.94M
NOI $176,305 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.78M
$4.18M – $5.58M
NOI $334,719 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - New construction 6-family property in Sheepshead Bay, Brooklyn.
Where is this apartment building located?
The property is located at 2721 E 21st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: New construction 6‑family building built in 2022 with over 6,000 SF of space; Two apartments per floor: one 1‑bedroom and one 2‑bedroom unit, each with a private balcony; Each unit includes washer/dryer, split‑system heating and cooling units in every room, and heated floors
