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8-Unit Rent-Stabilized Apartment Building
For Sale
$500,000

299 Troutman Street, Brooklyn, NY 11237

Residential, Brooklyn, NY

Property Size6,500 SF
Lot Size0.06 Acres
Price / SF$76.92
Days on Market471

Property Features for 299 Troutman Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning r6
Bedrooms 16
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 10, Bedroom 1, Bedroom 13, Bathroom 4, Bedroom 2, Bedroom 14, Bathroom 2, Bathroom 7, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 12, Bedroom 8, Bedroom 15, Bedroom 9, Bathroom 8, Bedroom 16, Bathroom 5, Bathroom 6, Bedroom 4, Bedroom 7, Bedroom 11, Bathroom 1, Bedroom 6
Subdivision Bushwick
Standard status Active
Size 6,500 SF
Lot size 0.06 Acres

Building Details

Floors in Building 5
Listing Agency: RE/MAX Edge · RE/MAX International
Listed By: ZaiYou (Joe) Zhu
Added: Jun 22, 2025 Changed: Sep 16 Last Checked: Oct 5 at 2:06PM
MLS# 493655

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 8-unit apartment building at 299 Troutman Street contains approximately 6,500 square feet on a 0.0574-acre lot. The property includes four occupied units and four vacant units and is subject to rent stabilization. It is being offered in its existing condition with tenants, liens, violations, and DOB and HPD matters remaining in place.

The building operates under the NYC HPD 7A Program and carries HPD violations and fines. The property is zoned R6. No interior showings are available, and financials are not currently provided. The sale is limited to cash buyers, with buyer due diligence required regarding the 7A program and building conditions.

Key Highlights

  • 8‑unit rent‑stabilized apartment building
  • Approximately 6,500 square feet on a 0.0574‑acre lot
  • Four occupied units and four vacant units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Veterinary Clinic (Bike/Boat/Book/etc) 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

6,166
Businesses Nearby

Demographics for 11237, NY

49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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 - R6-zoned Brooklyn property with four occupied and four vacant units, offered as-is under the NYC HPD 7A Program.
Where is this apartment building located?
The property is located at 299 Troutman Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 8‑unit rent‑stabilized apartment building; Approximately 6,500 square feet on a 0.0574‑acre lot; Four occupied units and four vacant units
More about this property
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