271 Martense St - Apartments FOR SALE


Brooklyn, NY 11226- Prospect Lefferts Gardens
$3,500,000 USD
646-363-6175
271 Martense St, Brooklyn, NY for Sale
$3,500,000 USD
Apartments - FOR SALE
1/1
null | 6.37% Cap Rate

271 Martense St
Brooklyn, NY 11226
Prospect Lefferts Gardens


HIGHLIGHTS

  • Newly constructed 8-family building in Flatbush, Brooklyn.
  • Fully occupied and located in a strong residential corridor with stable tenancy.
  • Two blocks from Church Avenue [2,5] Subway Station and near B35, B41, and B44-SBS bus lines.
  • Near major retailers including Target, Walgreens, Dunkin’, McDonald’s, and Five Below.
  • Property was converted from a 2-family into a five-story building consisting of 8 residential units.
  • All units are 100% free market.

OVERVIEW

Asset CRG Advisors is pleased to present a modern multifamily investment opportunity in the Flatbush neighborhood of Brooklyn. This recently completed 8-unit building blends quality construction with reliable cash flow, supported by 100% free-market tenancies. Designed for long-term durability, the property offers a contemporary living experience that appeals to the area’s strong rental demand. Located in a well-established residential corridor, the asset provides convenient access to the Church Avenue [2,5] Subway Station and major bus routes, ensuring excellent connectivity throughout Brooklyn and Manhattan. The surrounding area continues to experience steady growth, with national retailers, dining options, and community amenities contributing to its enduring investment stability.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$438 USD /SF

# OF UNITS

8

PRICE/UNIT

$437,500

CAP RATE

6.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,526 SF

ZONING

R6

APN/PARCEL ID

05088-0051

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.