2017 Albemarle Rd Brooklyn, NY
Call to check price and availability
Fully occupied 23-unit building with significant rent upside potential.
Type:RETAIL
Property size:
16,250 SFLot size:
0.18 AcresPrice / SF:
$180/SF- Added:
- Mar 21, 2025
- Days on Market:
- 406
- Last Refresh:
- Apr 5 at 9:54 pm
Property Features for 2017 Albemarle Rd
General Information
- Standard status
- Active
- Size
- 16,250 SF
- Lot size
- 0.18 Acres
- Property subtype
- RETAIL
Listing agent Stephen R. Preuss License #NY 10401272716 (516) 647-7155
Listing office RIPCO Real Estate - Queens (516) 647-7155
Listing date Mar 21, 2025
Source Moodyscre
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 RIPCO Real Estate - Queens
Overview
Brooklyn Multifamily Investment Opportunity
This fully occupied 23-unit property in Brooklyn consists of 6 free market and 17 rent-stabilized apartments. The building is a well-maintained asset with minimal deferred maintenance and is not subject to Local Law 97 energy requirements. The average monthly rent is $1,423 per unit. There is an opportunity for 50% rent upside in both free market and preferential rent units, offering long-term value-add potential. The property size is 16,250 square feet. The building is 26% free market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
MKE Construction
General Contractor
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9599
- Latitude
- 40.6476
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 23-unit building with significant rent upside potential.
Where is this apartment building located?
The property is located at 2017 Albemarle Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: Significant rent upside: capitalize on the opportunity for 50% rent increases.; High occupancy: enjoy immediate cash flow from this fully occupied 23‑unit building.; Free market component: 26% of the building consists of free market apartments.
