146 Linden Blvd Brooklyn, NY 11226-5267

Property Details for 146 Linden Blvd

Year built

2017

Lot size

0.07 lot acres

Property size

16,507 SF

Zone code

R7-1

Property type

Apartment buildings

APN

05087-0041

APU

50870041

Description

This exceptional 18-unit apartment building, constructed in 2017, presents a compelling investment opportunity in Brooklyn, NY. Located on Linden Boulevard between Bedford and Rogers Avenues, this property boasts a prime location bordering Prospect Lefferts Garden and Flatbush, offering easy access to public transportation (2, 5, and Q trains) and a wealth of retail amenities including Target, Key Foods, and more. The building features 15,112 square feet and commands a 6.07% cap rate with a Net Operating Income (NOI) of $395,988 and 100% occupancy. Each unit is equipped with high-end finishes such as stainless steel appliances, central air conditioning, stone countertops, private balconies, and spacious living areas. Building amenities include in-building laundry, a game room, roof access, and parking. The property benefits from a 421a tax abatement (currently in year 3 of a 35-year abatement), resulting in a low annual tax bill of only $3,993. While units are currently rent-stabilized under the abatement, there's a clear path to a fully free-market position upon tenant turnover after the abatement expires. This meticulously maintained building offers a low-maintenance investment with significant upside potential. The asking price is $6,500,000, translating to $361,111.11 per unit and $430 per square foot. This is a rare opportunity to acquire a high-performing multifamily asset in a rapidly appreciating Brooklyn neighborhood.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9534

Latitude

40.6521

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments