516-477-5951
330 E 22nd St, Brooklyn, NY for Sale
Apartments - FOR SALE
1/29
null | Request Cap Rate

330 E 22nd St
Brooklyn, NY 11226
Flatbush-Ditmas Park


HIGHLIGHTS

  • Stable Cash Flowing 27 Unit Asset.
  • Well Maintained with Zero Differed Maintenance.
  • Prime Flatbush Location - situated right off of Flatbush Ave retail hub.
  • Half-mile to multiple subway lines for superior connectivity.

OVERVIEW

Positioned in the heart of Flatbush, Brooklyn, 330 East 22nd Street presents a rare opportunity to acquire a fully occupied, cash-flowing 27-unit multifamily asset in one of New York City’s most dynamic rental markets. This pre-war building combines historic charm with modern infrastructure, featuring a gas boiler, brand-new hot water tanks, and individual electric meters, ensuring operational efficiency and minimal deferred maintenance. The property is not subject to Local Law 33 energy requirements, adding further appeal for investors seeking compliance simplicity. Flatbush has emerged as a cultural and economic hub, blending historic architecture with vibrant retail corridors along Flatbush and Church Avenues. Residents enjoy proximity to Prospect Park, Kings Theatre, and a thriving local dining and arts scene. With multiple subway lines nearby—including the B, Q, 2, and 5 trains—commuters benefit from seamless connectivity to Manhattan and Downtown Brooklyn. The neighborhood’s strong fundamentals underscore this investment: an average household income of $81,084, a population exceeding 100,000, and year-over-year rent growth of 4.7% in 2024. This asset offers stable income, supported by a robust rent roll and operating expenses that reflect disciplined management. With available air rights of approximately 4,200 SF, there is potential for future development or expansion. For investors seeking a well-maintained, income-producing property in a high-demand submarket, 330 East 22nd Street delivers enduring value and upside potential.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

27

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

R6A

APN/PARCEL ID

05165-0030

ASK ABOUT THIS PROPERTY

Eric DelafrazBridge Advisory GroupMore Info
516-477-5951

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

Eric DelafrazBridge Advisory GroupMore Info
516-477-5951

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