236 East 28th Street
$3,750,000
26
22
19,440
19,440
$193
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
Status | Active |
---|---|
MLS ID | 484845 |
Days on Market | 86 |
Taxes | $41,639 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 28.0 |
Compass Type | Townhouse |
MLS Type | Residential |
Year Built | 1926 |
Lot Size | 5,410 SF / 60' x 90' |
County | Kings County |
Building
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
Property History for 236 East 28th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
High School for Youth and Community Development Public9 to 12 | ||
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.
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