281 23rd Street Brooklyn, NY 11215
- Added:
- Mar 4, 2026
- Days on Market:
- 45
- Last Refresh:
- Apr 18 at 6:06 am
Property Features for 281 23rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bathrooms
- 12
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 9, Bathroom 12, Bathroom 4, Bathroom 10, Bathroom 5, Bathroom 8, Bathroom 7, Bathroom 3, Bathroom 11
- Interior features
- A/C Unit - Wall, A/C Unit - Window
- Basement
- Finished
- Standard status
- Active
- Size
- 8,493 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 64651
Building Details
- Year built
- 1931
- Floors in Building
- 4
- Number of units
- 12
- Flooring type
- Hardwood, Carpet, Ceramic, Linoleum
- Building materials
- Brick
- Roof type
- Flat, Asphalt
Listing agent Austin Wong (929) 379-3750
Listing office Revived Residential 2124 Flatbush Ave, Brooklyn, NY (929) 379-3750
Listing date Mar 4, 2026
MLS# 499360
Listing URL
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Overview
Turnkey Multifamily Investment Property
This is a beautifully-maintained masonry pre-war building spanning approximately 8,493 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. 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. The property is located near the R subway station at the 25th Street station & the Prospect Avenue station (D, N, R, W trains). There are several markets, banks and convenience stores along with dozens of cafes and restaurants in the immediate area along 5th Avenue retail corridor. The location provides straight forward commutes to Manhattan and Brooklyn via these lines. It is ideally positioned for quick access to the major highway interchange of I-278 (Gowanus Expressway) and NY-27 (Prospect Expressway). The lot size is 0.0565 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tekoso Solutions
Computer & Electronic Repair
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.992826
- Latitude
- 40.659479
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained, 12-unit building with stable income and future upside.
Where is this apartment building located?
The property is located at 281 23rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Turnkey, cash‑flowing multifamily investment property with stable income.; Significant rental upside potential as current rents are approximately 75% of market rates.; Prime location with convenient access to multiple subway lines (R, D, N, W) and major highways (I‑278, NY‑27).
