Six-Unit Apartment
For Sale
$3,990,000
2721 E 21st Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size5,775 SF
Lot Size0.14 Acres
Price / SF$690.91
Days on Market526
Property Features for 2721 E 21st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 9, Bedroom 5, Bedroom 8, Bathroom 1
Patio and Porch features
Deck, Porch, Patio
Interior features
A/C Unit - Wall, Deck, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
Basement
Crawl Space, Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
5,775 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
56300
Amenities
private balcony
washer and dryer
split-system heating and cooling units
heated floors
modern finishes
Building Details
Year built
2022
Floors in Building
3
Number of units
6
Flooring type
Ceramic, Hardwood, Tile
Building materials
Block, Brick
Roof type
Shingle, Metal
Listing Agency:
A P Services Inc
Listed By:
Aliaksei A. (Alex) Palaukou · License #AP8095
(347) 515-8272
Added: May 1, 2025
Changed: Sep 16
Last Checked: Oct 8 at 5:06AM
MLS# 492331
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this six-unit apartment property contains two residences on each of three floors and measures 5,775 square feet on a 0.14-acre lot. The apartments include a mix of one- and two-bedroom layouts, with private balconies, washers and dryers, split-system heating and cooling, heated floors, and modern finishes. Hardwood, tile, and ceramic flooring are present, along with kitchens equipped with refrigerators, stoves, and microwaves.
Separate gas and electric meters serve each apartment, and the property provides one dedicated parking space per residence. The building is located at 2721 E 21st Street in Brooklyn's Sheepshead Bay area, near the B and Q subway lines, Sheepshead Bay Road, and the Belt Parkway. Schools, supermarkets, restaurants, and shopping are also identified nearby. The property is zoned R4.
Separate gas and electric meters serve each apartment, and the property provides one dedicated parking space per residence. The building is located at 2721 E 21st Street in Brooklyn's Sheepshead Bay area, near the B and Q subway lines, Sheepshead Bay Road, and the Belt Parkway. Schools, supermarkets, restaurants, and shopping are also identified nearby. The property is zoned R4.
Key Highlights
- Six‑unit building with two apartments on each of three floors
- 5,775 square feet on a 0.14‑acre lot
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,305
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,526,100
$3.5M
Cap Rate 7%
$2,518,643
$2.5M
Cap Rate 9%
$1,958,944
$2.0M
Market Conditions
NOI Build-Up for 5,775 SF
Gross rent
$327.1K $56.64/SF
− Vacancy
−$6.5K −$1.13/SF
EGI
$320.6K $55.51/SF
− OpEx
−$144.2K −$24.98/SF
NOI
$176.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,526,100
Cap Rate 7%
$2,518,643
Cap Rate 9%
$1,958,944
Alternative Uses
Best Use
Apartment 5plus
$2.52M
$2.20M – $2.94M
NOI $176,305 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.78M
$4.18M – $5.58M
NOI $334,719 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-level residential property with private balconies, in-unit laundry, separate utility meters, and dedicated parking.
Where is this apartment building located?
The property is located at 2721 E 21st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Six‑unit building with two apartments on each of three floors; 5,775 square feet on a 0.14‑acre lot; Built in 2022
