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East Flatbush Multifamily Investment Opportunity

385 E 46th St, Brooklyn, NY 11203

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For Sale

$1,075,000

Updated 6-family building in prime location with strong income.

Type:Multi Family

Lot size:

0.05 Acres

HighLights

Updated apartments with individual gas and electric meters.
Strong income potential with an annual rent roll of $93,336.
New hot water heater, roof, and boiler.
Prime East Flatbush location with excellent access to transportation (2, 3, 4, 5 trains and multiple bus lines).
Building can be delivered with one vacant apartment.
Semi‑finished basement plus resident superintendent.

We can help!

Contact an agent

Mohamed Mahmoud

For Sale

$1,075,000

Updated 6-family building in prime location with strong income.

Type:Multi Family

Lot size:

0.05 Acres

Added:: Nov 28, 2025
Days on Market:: 221
Last Refresh:: Jul 3 at 4:06 am

Property Features for 385 E 46th St

General Information

Standard status: Active
Lot size: 0.05 Acres
Property subtype: Multi Family

Building Details

Year Built: 1931

We can help!

Contact an agent

Mohamed Mahmoud

Listing office Citi Star Inc

Listing date Nov 28, 2025

Source Elliman

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 Citi Star Inc

HighLights

Updated apartments with individual gas and electric meters.
Strong income potential with an annual rent roll of $93,336.
New hot water heater, roof, and boiler.
Prime East Flatbush location with excellent access to transportation (2, 3, 4, 5 trains and multiple bus lines).
Building can be delivered with one vacant apartment.
Semi‑finished basement plus resident superintendent.

Overview

This is a 6-family, semi-detached brick building located in East Flatbush. All 6 apartments have been updated and feature individual gas and electric meters. The building includes a full, semi-finished basement and a resident superintendent. The property is in good condition and features a new hot water heater, a new roof, and a new boiler. The annual rent roll is $93,336, with annual taxes of $20,013. The building can be delivered with one vacant apartment. Transportation options include the 2, 3, 4, and 5 trains, as well as the B44, B44 SBS, B46, B46 SBS, 6, 8, 35, 12, and 7 buses. The property is located near restaurants, eateries, SUNY Downstate Medical Center, the Brooklyn Public Library, houses of worship, schools, a Post Office, and department stores.

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Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.9341
Latitude: 40.6524

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For sale
Apartment buildings
NY
Brooklyn
11203
385 E 46th St

What type of property is this?

Apartment building - Updated 6-family building in prime location with strong income.

Where is this apartment building located?

The property is located at 385 E 46th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,075,000.

What are key features of this property?

This property features: Updated apartments with individual gas and electric meters.; **Strong income potential with an annual rent roll of $93,336.**; New hot water heater, roof, and boiler.