East Flatbush Multifamily Investment
For Sale
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385 East 46th Street, Brooklyn, NY 11203
Updated 6-family building in prime location with strong income.
Property Size6,450 SF
Days on Market311
Property Features for 385 East 46th Street
General Information
Standard status
Active
Size
6,450 SF
Property subtype
Commercial
Listed By:
Alex Svetlakou
(646) 827-9968
Source:
Ripcony
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 4 at 6:10AM
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 Alex Svetlakou
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 East 46th Street Brooklyn, NY.
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.
