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Eight-Unit Studio Apartment Building
For Sale
$1,550,000

288 New York Avenue, Brooklyn, NY 11216

Residential, Brooklyn, NY

Property SizeContact for details
Lot Size0.04 Acres
Days on Market157

Property Features for 288 New York Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 7, Bathroom 8, Bathroom 6, Bathroom 4
Interior features Central Air - Split
Subdivision Crown Heights
Standard status Active
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 16738

Building Details

Floors in Building 3
Number of units 8
Flooring type Hardwood
Listing Agency: Revived Residential
Listed By: Austin Wong
Added: Apr 27 Changed: Sep 16 Last Checked: Sep 30 at 6:06AM
MLS# 500834

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.

This eight-unit apartment building contains studio residences of approximately 425 square feet each. The pre-war structure retains original details, high ceilings, hardwood flooring, and strong natural light. Units are described as being in good condition, with central air provided through split systems. The building does not include washer/dryer facilities, doorman service, or concierge service.

The property occupies a 1,900-square-foot lot and carries R-5 zoning. Its address on New York Avenue places it between Lincoln Place and Eastern Parkway in Crown Heights. Residents have access to the 2, 3, 4, and 5 express trains at Franklin Avenue or Nostrand Avenue, with the Brooklyn Museum, Brooklyn Botanic Garden, and Prospect Park in the surrounding area.

Key Highlights

  • Eight studio apartments, each approximately 425sf
  • 1,900‑square‑foot lot with R‑5 zoning
  • Pre‑war building with original details and high ceilings

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Nursing Home Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

6,039
Businesses Nearby

Demographics for 11216, NY

61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Pre-war interiors feature hardwood floors, high ceilings, and abundant natural light.
Where is this apartment building located?
The property is located at 288 New York Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Eight studio apartments, each approximately 425sf; 1,900‑square‑foot lot with R‑5 zoning; Pre‑war building with original details and high ceilings
More about this property
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