Renovated 4-Story Walk-Up Apartment
For Sale
Contact for pricing
285 Eastern Parkway, Brooklyn, NY 11238
Two adjacent 4-story walk-up buildings offer 32 residential units with renovated free-market apartments and recent capital improvements.
Property Size28,724 SF
Days on Market125
Property Features for 285 Eastern Parkway
General Information
Standard status
Active
Size
28,724 SF
Property subtype
Multifamily
Additional Details
Opportunity Zone
Yes
Multifamily Units
32
Building Details
Stories
4
Tenancy
Multi
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Sean R. Kelly, Esq. · License #NY 10301203478
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:20AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
Located directly on the border of Prospect Heights and Crown Heights in Brooklyn, 285-291 Eastern Parkway consists of two adjacent, 4-story walk-up multifamily buildings arranged as a total of 32 residential units. The property includes 4 one-bedroom, 9 two-bedroom, and 19 three-bedroom apartments, with 25 free-market units and 7 rent-stabilized units.
The buildings have been meticulously maintained by a long-term owner and recently underwent extensive capital improvements. The free-market apartments are fully renovated and feature new appliances (dishwasher, stove, refrigerator, microwave), new bathrooms, and hardwood floors.
The offering also includes potential for further development, with 18,956 square feet of remaining air rights indicated as intact as-of-right.
The buildings have been meticulously maintained by a long-term owner and recently underwent extensive capital improvements. The free-market apartments are fully renovated and feature new appliances (dishwasher, stove, refrigerator, microwave), new bathrooms, and hardwood floors.
The offering also includes potential for further development, with 18,956 square feet of remaining air rights indicated as intact as-of-right.
Key Highlights
- Two adjacent 4‑story walk‑up buildings at 285‑291 Eastern Parkway
- Total approx. 28,724 SF with 32 residential units: 4 one‑bedroom, 9 two‑bedroom, 19 three‑bedroom
- Unit mix includes 25 free‑market units and 7 rent‑stabilized units
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,842
Businesses Nearby
Explore this area
Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent 4-story walk-up buildings offer 32 residential units with renovated free-market apartments and recent capital improvements.
Where is this apartment building located?
The property is located at 285 Eastern Parkway Brooklyn, NY.
What are key features of this property?
This property features: Two adjacent 4‑story walk‑up buildings at 285‑291 Eastern Parkway; Total approx. 28,724 SF with 32 residential units: 4 one‑bedroom, 9 two‑bedroom, 19 three‑bedroom; Unit mix includes 25 free‑market units and 7 rent‑stabilized units
