Brooklyn Multifamily Portfolio: 50
For Sale
$8,500,000
Flatbush 2 Building Portfolio, New York, NY 11210
Package of 2 multi-family buildings with a total of 50 units.
Property Size51,640 SF
Lot Size0.44 Acres
Price / SF$164.60
Days on Market657
Property Features for Flatbush 2 Building Portfolio
General Information
Standard status
Active
Property type
Office buildings, Residential income homes, Office Spaces, Investment properties
Size
51,640 SF
Elevators
N/A
Lot size
0.44 Acres
Investment Type
Value Add
Net Operating Income
$943,375
Building Details
Year Built
1992
Buildings
2
Stories
4
Units
50
Listed By:
Jack A. Cohen
(917) 533-8905
Added: Dec 20, 2024
Changed: Mar 16
Investment Insights
Based on property information with market context.
This portfolio features two multi-family buildings in the Flatbush neighborhood of Brooklyn, New York, totaling 50 units. One property, located at 485 East 21st Street, features 28 units and 25,000 square feet, while the other, at 2105 Foster Avenue, encompasses 22 units and 26,640 square feet. Constructed in 1992, these four-story buildings offer potential for value enhancement. The combined building size is 51,640 square feet on a 0.44-acre lot. The portfolio generates a net operating income of $943,375. The properties are located 0.31 miles from the Marlborough & Cortelyou Road Station (B and Q trains), providing access to public transportation. Residents benefit from proximity to Ocean Parkway and Prospect Park, as well as public schools, restaurants, and parks. This portfolio represents an investment opportunity in a high-demand area with rental potential.
Key Highlights
- + Close proximity to many public schools, restaurants, and parks
- + Nearby Ocean Parkway and Prospect Park
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Package of 2 multi-family buildings with a total of 50 units.
Where is this office building located?
The property is located at Flatbush 2 Building Portfolio New York, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: + Close proximity to many public schools, restaurants, and parks; + Nearby Ocean Parkway and Prospect Park
