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As-Is Occupied Multifamily Income Property
For Sale
$890,000

1501 Eastern Pkwy, Brooklyn, NY 11233

Multifamily property on Eastern Parkway, currently occupied and not delivered vacant, with nearby access to subway lines 2–5.

Property SizeContact for details
Days on Market57

Property Features for 1501 Eastern Pkwy

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $4,922

Building Details

Tenancy Multi
Listing Agency: Genstone Properties
Listed By: Christina Calvo · License #267516
Source: Exprealty
Added: Jul 7 Changed: Aug 28 Last Checked: Aug 31 at 12:11AM

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 Genstone Properties

Investment Insights

Based on property information with market context.

This multifamily property is offered for sale in Crown Heights. The building sits along the Eastern Parkway corridor near Saratoga Avenue and is currently “AS IS occupied with non-paying tenants,” with no vacant delivery.

Access is supported by strong transit connectivity, with nearby subway lines 2, 3, 4, and 5. WalkScore is 88 (Very Walkable), transitScore is 98 (Rider’s Paradise), and bikeScore is 74 (Very Bikeable).

The buyer will be responsible for handling outstanding violations and transfer tax. The property is being sold in its current condition, with the occupancy status remaining as-is at closing.

Key Highlights

  • 1910‑built multifamily property on the Eastern Parkway corridor near Saratoga Avenue
  • Currently occupied (AS IS) with non‑paying tenants and will not be delivered vacant
  • Buyer to handle outstanding violations and transfer tax

Property Analytics

Current Use

Multifamily properties

Suggested Use

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

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,767
Businesses Nearby

Demographics for 11233, NY

75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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?
Multifamily property - Multifamily property on Eastern Parkway, currently occupied and not delivered vacant, with nearby access to subway lines 2–5.
Where is this multifamily property located?
The property is located at 1501 Eastern Pkwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 1910‑built multifamily property on the Eastern Parkway corridor near Saratoga Avenue; Currently occupied (AS IS) with non‑paying tenants and will not be delivered vacant; Buyer to handle outstanding violations and transfer tax
More about this property
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