Six-Unit Apartment
For Sale
Contact for pricing
124 CORTELYOU RD, Brooklyn, NY 11218
Renovated, rent-stabilized multifamily property with upgraded common areas and a full basement for storage and utilities.
Property Size5,250 SF
Price / SF$304.76
Days on Market130
Property Features for 124 CORTELYOU RD
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Multifamily
Zoning
R6A
Investment Type
Stabilized
Additional Details
Multifamily Units
6
Building Details
Year Built
1930
Buildings
1
Stories
3
Units
6
Tenancy
Multi
Construction
brick walk-up
Listing Agency:
PreReal Prendamano Real Estate
Listed By:
James Prendamano · License #NY 30PR0840192
(718) 816-7799
Source:
Crexi
Added: Jun 19
Changed: Oct 25
Last Checked: Oct 24 at 5:02PM
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 PreReal Prendamano Real Estate
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Investment Insights
Based on property information with market context.
This three-story brick walk-up contains six residential apartments within a 5,250-square-foot multifamily building. The property is fully renovated and all apartments are rent stabilized. A full basement provides storage and houses utility systems, with potential for superintendent or owner-use space subject to DOB and HPD approvals.
Completed improvements include upgraded common areas, organized mechanical systems, and a roof approximately five years old. Constructed in 1930 and zoned R6A, the building is located at 124 Cortelyou Road in Brooklyn’s Kensington / Ditmas Park area. Several apartments are leased below current market levels, while regulated annual guideline increases and vacancy allowances provide the stated framework for future rent adjustments.
Completed improvements include upgraded common areas, organized mechanical systems, and a roof approximately five years old. Constructed in 1930 and zoned R6A, the building is located at 124 Cortelyou Road in Brooklyn’s Kensington / Ditmas Park area. Several apartments are leased below current market levels, while regulated annual guideline increases and vacancy allowances provide the stated framework for future rent adjustments.
Key Highlights
- Six‑unit, three‑story brick walk‑up apartment building
- All six apartments are rent stabilized
- 5,250 SF building constructed in 1930
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,964
Businesses Nearby
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Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated, rent-stabilized multifamily property with upgraded common areas and a full basement for storage and utilities.
Where is this apartment building located?
The property is located at 124 CORTELYOU RD Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Six‑unit, three‑story brick walk‑up apartment building; All six apartments are rent stabilized; 5,250 SF building constructed in 1930
