Brooklyn Investment Property with
5221 Flatlands Avenue, Brooklyn, NY 11234
Fully occupied 24-unit building with income potential in Brooklyn.
Type:Commercial/Industrial
- Added:
- Mar 11, 2026
- Days on Market:
- 70
- Last Refresh:
- Apr 5 at 11:05 pm
Property Features for 5221 Flatlands Avenue
General Information
- Standard status
- Active
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2009
Listing agent Reginald Brannen License #40BR1116315
Listing office Blue Key Real Estate Brokerage (718) 921-2280
Listing date Mar 11, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Blue Key Real Estate Brokerage
HighLights
- Fully occupied 24‑unit building in desirable Old Mill Basin, Brooklyn, providing immediate cash flow.
- Significant upside potential through additional income streams from parking, storage, and laundry.
- Projected additional income of $109,200/year from 16 parking spaces, 10 storage units, and laundry room.
- Each unit has separate HVAC systems and individual hot water tanks, with tenants responsible for all utilities except water.
- Low common area expenses.
- Built in 2009.
Overview
Located in Old Mill Basin, Brooklyn, this fully occupied 24-unit brick building is an investment opportunity with upside potential. Each unit has separate HVAC systems and individual hot water tanks. Tenants are responsible for all utilities except water. The building includes 16 covered parking spaces, 10 storage units, and a laundry room, offering potential for added revenue. There are 16 on-site parking spots, 10 storage units, and a laundry room. The property is ideal for 1031 exchange or long-term investors, offering immediate cash flow with room to increase income.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9253
- Latitude
- 40.6281
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 24-unit building with income potential in Brooklyn.
Where is this apartment building located?
The property is located at 5221 Flatlands Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Fully occupied 24‑unit building in desirable Old Mill Basin, Brooklyn, providing immediate cash flow.; **Significant upside potential through additional income streams from parking, storage, and laundry.**; Projected additional income of $109,200/year from 16 parking spaces, 10 storage units, and laundry room.
