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Brooklyn Multifamily Investment Opportunity

2017 Albemarle Rd, Brooklyn, NY

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For Sale

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Fully occupied 23-unit building with significant rent upside potential.

Type:RETAIL

Property size:

16,250 SF

Lot size:

0.18 Acres

Price / SF:

$180/SF

HighLights

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.
Low compliance costs: not subject to Local Law 97 energy requirements.
Well‑maintained: minimal deferred maintenance required.
Diversified income: benefit from a mix of free market and rent‑stabilized units.

We can help!

Listing Contact

Stephen R. Preuss

For Sale

Contact for pricing

Fully occupied 23-unit building with significant rent upside potential.

Type:RETAIL

Property size:

16,250 SF

Lot size:

0.18 Acres

Price / SF:

$180/SF

Added:: Mar 21, 2025
Days on Market:: 453
Last Refresh:: May 20 at 8:29 pm

Property Features for 2017 Albemarle Rd

General Information

Standard status: Active
Size: 16,250 SF
Lot size: 0.18 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Stephen R. Preuss

Listing agent Stephen R. Preuss License #10401284640

Listing office RIPCO Real Estate - Queens

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

HighLights

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.
Low compliance costs: not subject to Local Law 97 energy requirements.
Well‑maintained: minimal deferred maintenance required.
Diversified income: benefit from a mix of free market and rent‑stabilized units.

Overview

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 Location Intelligence

Current Use by Public Records

MKE Construction General Contractor

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.9599
Latitude: 40.6476

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For sale
Apartment buildings
NY
Brooklyn
2017 Albemarle Rd

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.

2017 Albemarle Rd, Brooklyn, NY

Fully occupied 23-unit building with significant rent upside potential.

Property Features for 2017 Albemarle Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Corner Medical Suite with Private Entrance

Turn-Key Supermarket Business Opportunity

Established Supermarket Business For Sale

Brooklyn Mixed-Use Investment Opportunity

Incomplete Renovation Church Conversion

Luxury Atelier & Designer Showroom

Prime Kings Highway Commercial Unit

Automotive Repair Facility

Prime Corner Commercial Brooklyn Building

Medical Condo in Bensonhurst, Brooklyn

Multi-Tenant Office Building with Elevator

Prime Corner Retail Building Brooklyn

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