$2,925,000 USD
718-663-2639
2017 Albemarle Rd
Brooklyn, NY 11226
Flatbush-Ditmas Park
HIGHLIGHTS
- 26% Free Market Building - Fully occupied 23-unit asset with 6 free market & 17 rent-stabilized apartments. Average monthly rent of $1,423/unit.
- Well-Maintained Asset - Minimal deferred maintenance and not subject to Local Law 97 energy requirements, ensuring lower compliance costs.
- Strong Upside Potential - Opportunity for 50% rent upside in both free market and preferential rent units, offering long-term value-add potential.
- Prime Brooklyn Location • 7-minute walk to Newkirk Plaza (B & Q trains) & Newkirk Ave-Little Haiti (2 & 5 trains) • 15-minute walk to Brooklyn College
- Efficient Building Infrastructure - Features a gas-fired boiler for heating and individual electric meters, reducing landlord utility expenses.
FOR SALE DETAILS
PRICE
$2,925,000 USD
PRICE/SF
$180 USD /SF
# OF UNITS
23
PRICE/UNIT
$127,174
CAP RATE
7.33%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
2017 Albemarle Road, Flatbush
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,350 SF
ZONING
R7A
APN/PARCEL ID
05101-0052
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718-663-2639
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