Turnkey Multifamily Investment
281 23rd Street, Brooklyn, NY 11215
MULTI_FAMILY - Brooklyn, NY
Property size:
8,493 SFLot size:
0.06 AcresPrice / SF:
$217/SF- Added:
- Mar 4, 2026
- Days on Market:
- 66
- Last Refresh:
- May 9 at 2:06 am
Property Features for 281 23rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bathrooms
- 12
- Rooms
- Bathroom 5, Bathroom 11, Bathroom 12, Bathroom 1, Bathroom 10, Bathroom 9, Bathroom 4, Bathroom 6, Bathroom 8, Bathroom 7, Bathroom 2, Bathroom 3
- Interior features
- A/C Unit - Wall, A/C Unit - Window
- Basement
- Finished
- Standard status
- Active
- Size
- 8,493 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 64651
Building Details
- Year built
- 1931
- Floors in Building
- 4
- Number of units
- 12
- Flooring type
- Ceramic, Hardwood, Carpet, Linoleum
- Building materials
- Brick
- Roof type
- Asphalt, Flat
Listing agent Austin Wong (929) 379-3750
Listing office Revived Residential 2124 Flatbush Ave, Brooklyn, NY (929) 379-3750
Listing date Mar 4, 2026
MLS# 499360
Listing URL
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.
HighLights
- Turnkey, cash‑flowing investment property generating over $270,000 gross annually.
- Significant rental upside potential as current rents are approximately 75% of market rate.
- Twelve‑unit multifamily building with a desirable unit mix (8 x 2BR, 4 x 1BR).
- Well‑maintained pre‑war building offered for sale for the first time in almost 40 years.
- Excellent location with convenient access to multiple subway lines (R, D, N, W) and major highways (I‑278, NY‑27).
- Stable, rent‑stabilized asset with long‑term tenant occupancy.
Overview
This multifamily investment property is a well-maintained masonry pre-war building with approximately 8,492 square feet above-grade. The building contains 12 apartments, including eight 2-bedroom units and four 1-bedroom units. The property is being offered for sale for the first time in almost 40 years. The current gross annual income is over $270,000. The average AGI/NSF is $34.61, equating to an average monthly rent of $1837 per apartment, approximately 75% of market rents of comparable rentals in the area. The property is located near the R subway station at 25th Street and the Prospect Avenue station (D, N, R, W trains), providing access to Manhattan and Brooklyn. Several markets, banks, and convenience stores, along with cafes and restaurants, are located along the 5th Avenue retail corridor. The location also provides access to the I-278 (Gowanus Expressway) and NY-27 (Prospect Expressway). The lot size is 0.0565 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tekoso Solutions
Computer & Electronic Repair
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.992826
- Latitude
- 40.659479
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained, 12-unit building in Brooklyn with income and upside.
Where is this apartment building located?
The property is located at 281 23rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,849,999.
What are key features of this property?
This property features: Turnkey, cash‑flowing investment property generating over $270,000 gross annually.; Significant rental upside potential as current rents are approximately 75% of market rate.; Twelve‑unit multifamily building with a desirable unit mix (8 x 2BR, 4 x 1BR).
