677 E 21st St - Apartments FOR SALE


Brooklyn, NY 11226- Flatbush-Ditmas Park
$4,800,000 USD
718-819-4041
677 E 21st St, Brooklyn, NY for Sale
$4,800,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

677 E 21st St
Brooklyn, NY 11226
Flatbush-Ditmas Park


HIGHLIGHTS

  • Fully approved by NYC DOB
  • New construction (built in 2024)
  • Structural steel framing completed
  • Fast-track completion potential
  • Ideal for developers and investors

OVERVIEW

Exceptional Development Opportunity for a developer/ Investor: Presenting an outstanding investment opportunity at 677 East 21st Street, located in the heart of Brooklyn. This 17-unit residential project is approximately 50% complete, with all plans fully approved by the NYC Department of Buildings (DOB).Exceptional Development Opportunity for a developer/ Investor: Presenting an outstanding investment opportunity at 677 East 21st Street, located in the heart of Brooklyn. This 17-unit residential project is approximately 50% complete, with all plans fully approved by the NYC Department of Buildings (DOB). An ideal acquisition for developers or investors seeking a fast-track completion and flexible disposition options — whether as high-end condominiums or income-producing rentals. Investment Snapshot: New 17-unit residential building, approximately 50% complete All plans are fully approved by the NYC Department of Buildings (DOB) Project Features: Architectural Set: Includes zoning analysis, floor plans (Cellar to Penthouse), elevations, ADA compliance, Completed Work: Structural steel framing (welding, bolting). This project represents an exceptional opportunity to complete a new residential asset in a highly desirable Brooklyn location with significant construction milestones already achieved. Ideal for investors seeking expedited entry into a proven market with substantial upside potential.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

17

PRICE/UNIT

$282,353

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,773 SF

ZONING

R7A

APN/PARCEL ID

05221-0073

ASK ABOUT THIS PROPERTY

Steven LlorensDouglas Elliman CommercialMore Info
718-819-4041

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Steven LlorensDouglas Elliman CommercialMore Info
718-819-4041

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