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Multifamily Building with 13 Units
For Sale
Contact for pricing
Pending

198 Buffalo Ave, Brooklyn, NY 11213

Multifamily building with 13 existing units on a 50-foot by 100-foot lot; units need renovation.

Property Size8,800 SF
Lot Size0.11 Acres
Days on Market112

Property Features for 198 Buffalo Ave

General Information

Standard status Pending
Size 8,800 SF
Lot size 0.11 Acres
Property subtype Multifamily
Zoning R6

Additional Details

Multifamily Units 13
Listing Agency: Marcus & Millichap - Manhattan
Listed By: Willie Jalboukh · License #NY 10301218139
Source: Crexi
Added: Apr 12 Changed: Jul 21 Last Checked: Jul 31 at 11:00AM

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 Marcus & Millichap - Manhattan

Investment Insights

Based on property information with market context.

This multifamily building includes 13 existing apartment units configured as 11 one-bedroom and 2 two-bedroom. The units require renovation. The property is built on a 50-foot by 100-foot lot and contains 8,800 square feet.

The site is zoned R6 and provides just over 3,500 square feet of available air rights. The property also has 50 feet of frontage.

Located at 198 Buffalo Ave, Brooklyn, NY, the opportunity is positioned as an investment that supports redevelopment considerations within the stated zoning and air-rights parameters.

Key Highlights

  • Multifamily building at 198 Buffalo Ave, Brooklyn, NY 11213, with 13 existing units
  • 8,800 SF property on a 50‑foot by 100‑foot lot (Block 1368 & Lot 51)
  • Unit mix includes (11) one‑bedroom and (2) two‑bedroom units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

3,457
Businesses Nearby

Demographics for 11213, NY

67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily building with 13 existing units on a 50-foot by 100-foot lot; units need renovation.
Where is this apartment building located?
The property is located at 198 Buffalo Ave Brooklyn, NY.
What are key features of this property?
This property features: Multifamily building at 198 Buffalo Ave, Brooklyn, NY 11213, with 13 existing units; 8,800 SF property on a 50‑foot by 100‑foot lot (Block 1368 & Lot 51); Unit mix includes (11) one‑bedroom and (2) two‑bedroom units
(212) 430-6154 Call to check price and availability
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