264 Brooklyn Ave presents a rare fully free market multifamily opportunity in one of Brooklyn’s most connected and rapidly evolving neighborhoods. The property carries no history of rent regulation, enabling investors to capitalize on true market-rate flexibility. With current gross income exceeding $157,000 annually and additional upside ready to be unlocked as units renew or are re-leased, the asset provides both immediate cashflow and a clear path to enhanced long-term performance. The building has been fully renovated with attention to modern quality and durability. High end finishes, separate utilities, individual split-unit heating and cooling, and recessed lighting create a premium living experience aligned with the expectations of today’s renters. This level of finish, combined with operational efficiency driven by separately metered systems, positions the property as a turnkey, low-maintenance investment. Its architecture and layout also appeal to owner-users seeking the dual benefits of personal residence and investment exposure. Whether occupying one unit or multiple, a buyer can enjoy high-end living while generating supplemental income from the remaining apartments. Location is a key strength for the asset. Situated within four blocks of the 2, 3, and 5 subway lines, residents can reach Downtown Brooklyn or Union Square within 20 to 30 minutes, enhancing leasing momentum and long-term demand. The property is additionally protected under New York’s 2A tax class, limiting annual tax increases to no more than 8 percent per year or 30 percent over five years, contributing meaningful predictability to future operating expenses.