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    2017 Albemarle Rd Brooklyn, NY 11226

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    For Sale
    $2,925,000

    Fully occupied 23-unit building with significant rent upside potential.

    Property size:
    16,250 SF
    Lot size:
    0.18 Acres

    Property Features for 2017 Albemarle Rd

    General Information

    Size
    16,250 SF
    Lot size
    0.18 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Multifamily Investment Opportunity

    This fully occupied 23-unit property in Brooklyn consists of 6 free market and 17 rent-stabilized apartments. The building is a well-maintained asset with minimal deferred maintenance and is not subject to Local Law 97 energy requirements. The average monthly rent is $1,423 per unit. There is an opportunity for 50% rent upside in both free market and preferential rent units, offering long-term value-add potential. The property size is 16,250 square feet. The building is 26% free market.
    Insight Report Location Intelligence

    Current Use by Public Records

    MKE Construction Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.959898
    Latitude
    40.647605

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 23-unit building with significant rent upside potential.
    Where is this apartment building located?
    The property is located at 2017 Albemarle Rd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,925,000.
    What are key features of this property?
    This property features: - Significant rent upside: capitalize on the opportunity for 50% rent increases.; - High occupancy: enjoy immediate cash flow from this fully occupied 23-unit building.; - Free market component: 26% of the building consists of free market apartments.
    (516) 647-7155
    Request Owner's contact information
    2017 Albemarle Rd Brooklyn, NY 11226
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    Brooklyn, NY 11226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2017 Albemarle Rd Brooklyn, NY 11226
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