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6-Unit Apartment Building

354 E 21st Street, Brooklyn, NY 11226

For Sale
$900,000

The three-story property includes three market-rate apartments and three rent-stabilized apartments, with a ground-floor unit currently vacant.

Property Size27,246 SF
Lot Size0.05 Acres
Price / SF$33.03
Days on Market13

Property Features for 354 E 21st Street

General Information

Standard status Active
Size 27,246 SF
Lot size 0.05 Acres
Property subtype Commercial
Zoning R7A
Net Operating Income $73,380

Property Condition

Severity Repairs Needed
Evidence deferred maintenance

Financials

Cap Rate 8.15%
Gross Income $134,915

Additional Details

Multifamily Units 6
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $15,353

Building Details

Building Size 27,246 SF
Year Built 1925
Buildings 1
Stories 3
Units 6
Tenancy Multi
Listing Agency: RealTegrity NY LLC
Listed By: Robert J. Swiderski
Source: Moreandmorerealestate
Added: Nov 1 Changed: Nov 10 Last Checked: Nov 12 at 9:33PM

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 RealTegrity NY LLC

Rey
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Investment Insights

Based on property information with market context.

At 354 E 21st Street in Brooklyn, this three-story apartment building has six residential units and a basement. The unit mix includes three market-rate apartments and three rent-stabilized apartments. One ground-floor apartment is vacant and can remain unoccupied or be rented after closing. The building dates to 1925 and has deferred maintenance. Its lot measures 20 x 100 feet, and the building measures 20 x 75 feet.

The property is identified as being in the South Slope area of Park Slope. Reported operating figures include an 8.15% cap rate, based on the information provided for the property.

Key Highlights

  • Six residential units: three market‑rate and three rent‑stabilized
  • Three stories with a basement
  • Ground‑floor apartment is vacant and may be rented after closing

Property Analytics

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Open Analytics

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,630
Businesses Nearby

Demographics for 11226, NY

101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Brooklyn, NY

$512 Jul
$494 Aug
$498 Sep
$476 Oct

Properties on Market for Apartment buildings in Brooklyn

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The three-story property includes three market-rate apartments and three rent-stabilized apartments, with a ground-floor unit currently vacant.
Where is this apartment building located?
The property is located at 354 E 21st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six residential units: three market‑rate and three rent‑stabilized; Three stories with a basement; Ground‑floor apartment is vacant and may be rented after closing
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