Listing Agency: Alexander Rebic

Listed By: Alexander Rebic · License #10401335629

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 7:26PM

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Investment Insights

Based on property information with market context.

This six-unit apartment building in Brooklyn’s South Slope is entirely rent stabilized. Three apartments currently carry preferential rents, while the remaining units are subject to the building’s stabilized rent structure.

The property is located at 289 21st St, Brooklyn, NY 11215. A pro forma cap rate of 4.8% is provided for the asset.

Key Highlights

• Six‑unit apartment building in South Slope
• 100% of units are rent stabilized
• Three of six units have preferential rents

Property Analytics

Property Profile

Current Use

Peter Pan & Wendy ... Daycare Center Perpetual Doom Film Production

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Catering Service Accounting Firm

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

6

Residential units

Location Intelligence

Trade Area within ½ mile

4,296

Businesses Nearby

Explore this area Business Placement

Demographics for 11215, NY

67,493

Population

32,197

Households

2.1

Avg Household Size

37

Median Age

80%

College-Educated

96%

High-School Grad

2.2 sq mi

ZIP Area

30,679

Density / Sq Mi

$180,773

Median Household Income

$99,151

Median Earnings

$2,803

Median Rent

$1,674,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with regulated rents and varied lease economics across the unit mix.

Where is this apartment building located?

The property is located at 289 21st St Brooklyn, NY.

What are key features of this property?

This property features: Six‑unit apartment building in South Slope; 100% of units are rent stabilized; Three of six units have preferential rents