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Vacant Multifamily Home
For Sale
$980,000

1898 Eastern Parkway, Brooklyn, NY 11233

Vacant multifamily property in Brooklyn ready for acquisition and immediate repositioning or occupancy planning.

Property SizeContact for details
Days on Market86

Property Features for 1898 Eastern Parkway

General Information

Standard status Active
Property subtype Multi Family Home
Listing Agency: Century 21 Achievers
Listed By: Alisha Branch
Source: Excellchoicerealty
Added: Jun 16 Changed: Sep 8 Last Checked: Sep 8 at 8:27AM

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 Century 21 Achievers

Investment Insights

Based on property information with market context.

This vacant multifamily home is offered for sale, presenting a straightforward acquisition opportunity with the property ready to be sold. The offering is positioned as a residential income-style asset, with availability that can support buyer plans ranging from updating to preparing for new occupancy.

The property is located at 1898 Eastern Pkwy in Brooklyn, NY 11233, described as being in Ocean Hill. The public remarks also indicate strong day-to-day mobility metrics, including a bike score of 73 and a walk score of 90, along with a transit score of 100.

With the home currently vacant, interested buyers and investors can evaluate the unit mix and condition and move toward their intended operating strategy without needing to coordinate around existing tenants. The transit and walkability scores may also support tenant appeal, particularly for renters who value convenient access to transportation and walkable amenities.

Key Highlights

  • Vacant multifamily property in Ocean Hill, Brooklyn, ready to be sold
  • BikeScore: 73 (Very Bikeable)
  • WalkScore: 90 (Walker’s Paradise)

Property Analytics

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Current Use

Multifamily properties

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.

Location Intelligence

Trade Area within ½ mile

3,661
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant multifamily property in Brooklyn ready for acquisition and immediate repositioning or occupancy planning.
Where is this multifamily property located?
The property is located at 1898 Eastern Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Vacant multifamily property in Ocean Hill, Brooklyn, ready to be sold; BikeScore: 73 (Very Bikeable); WalkScore: 90 (Walker’s Paradise)
More about this property
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