236 East 28th Street

$3,750,000
Price
26
Beds
22
Baths
19,440 Sq. Ft.
$193 / Sq. Ft.
19,440
Sq. Ft.
$193
per Sq. Ft.

Description

Seize the opportunity to own a prime multifamily property in the vibrant Flatbush neighborhood of Brooklyn. This 22-unit apartment building offers a blend of one-bedroom units and four two-bedroom units. The spacious apartments feature ample closets and restored hardwood floors, ensuring high tenant satisfaction and low vacancy rates. The building is well-maintained with no repairs needed and no outstanding violations. Currently 95% occupied, it offers the following key investment benefits. Multifamily...Seize the opportunity to own a prime multifamily property in the vibrant Flatbush neighborhood of Brooklyn. This 22-unit apartment building offers a blend of one-bedroom units and four two-bedroom units. The spacious apartments feature ample closets and restored hardwood floors, ensuring high tenant satisfaction and low vacancy rates. The building is well-maintained with no repairs needed and no outstanding violations. Currently 95% occupied, it offers the following key investment benefits. Multifamily properties, like this one, prove to be very resilient during economic downturns, with increased demand for renting over homeownership. Situated centrally in Flatbush, residents are just five minutes from Kings Theatre and close to Brooklyn’s main attractions like the Brooklyn Museum, Prospect Park, and the Brooklyn Botanic Garden, all accessible by a short bike ride or a minute subway ride. Historically, multifamily real estate outperforms other asset classes during economic slowdowns. This building has had consistent occupancy rates during past recessions, highlighting its dependable income potential. With units currently below legally regulated rent, there’s potential to quickly increase profitability. Located minutes away from the #5 and #2 express trains, it takes approximately minutes to travel to and from Manhattan. Full amenities are available on nearby Flatbush Avenue, and there are many new developments in the area. Invest in this 22-unit gem in Flatbush and benefit from the enduring stability and profitability of multifamily real estate. Contact us today to schedule a viewing and secure a robust addition to your investment portfolio.

Amenities

  • Hardwood Floors
  • Walk Up
  • Voice Intercom
  • Parking Included
  • Lowrise
LISTING UPDATED: 07/26/2024 09:07 AM

Property Details for 236 East 28th Street

StatusActive
MLS ID484845
Days on Market86
Taxes$41,639 / year
Maintenance-
Min. Down Pymt-
Total Rooms28.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1926
Lot Size5,410 SF / 60' x 90'
CountyKings County

Building

236 E 28th St

23 Units4 StoriesBuilt in 1926

Building Information for 236 East 28th Street

Stories4Residences23Year Built1926Building Size60' x 81'Building Sq. Ft19,440 SFLot Size5,410 SF / 60' x 90'Building AgePre-warBuilding TypeLowrise

Property Information for 236 East 28th Street

Summary
Location and General Information
  • Block: 5171
  • Cross Street Name: Cortelyou Rd
  • Cross Street Name: Clarendon Rd
  • Zoning: R6
  • Roof: Flat
  • Water Front Present YN: No
  • Residential Features: Refrigerator, Stove
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 41639.0
Property
Lot Information
  • Sq Ft Total: 19440
  • Yard: None
  • Lot Number: 27
  • Lot Size Irregular YN: No
  • Lot Size Length: 90
  • Lot Size Width: 60
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas, Oil
  • AC Units: 0
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Semi-Finished
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 5
  • Baths Total Level: 6
  • Foundation Details: Slab Concrete
  • Flooring: Parquet, Stone
  • Building Amenities: Secure Lobby
  • Construction Materials: Brick
  • Electric: 110 V, 220 V
  • Baths Total Level: 6
  • Baths Total Level: 5
  • Beds Total Level: 6
  • Beds Total Level: 7
  • Beds Total Level: 7
  • Beds Total Level: 6
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 4860.0
  • Building Length: 81.0
  • Building Type: Attached
  • Building Width: 60.0
Unit 1
  • Unit Category: Store
  • Unit Ceiling Height: 10
  • Unit Date Available: 08-01-2024
  • Unit Features: Appliances Included, Heat Included, Oven/Range, Refrigerator, Water Included
  • Unit Floor: 4
  • Unit Status: Leased
  • Unit Unit Type: Floor
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: No

Property History for 236 East 28th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 236 East 28th Street

This home is within Nyc Geog District #17 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Norma Adams Clemons Academy
PublicPK to 5

Ms 246 Walt Whitman
Public6 to 8

Academy of Hospitality and Tourism
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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236 East 28th Street is a townhouse for sale in Flatbush. This property was listed for sale on July 25, 2024 by eXp Realty BKNY, it's currently listed at $3,750,000. This listing's school district is Nyc Geog District #17 - Brooklyn. Nearby schools include Norma Adams Clemons Academy, Ms 246 Walt Whitman and High School for Youth and Community Development. 236 East 28th Street is a 26-bed, 22-bath, 19,440 sqft townhouse built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty BKNY

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