354 E 21st Street,Brooklyn, NY 11226
Brooklyn, NY 11226
Description
This 6-family w/ 3 Market Rent and 3 Rent Stabilized apartments delivers strong, reliable cash flow with an 8.15% cap rate, offering a compelling return in today's market. This prime investment opportunity is located in the South Slope area of Park Slope! Monthly Rent Roll: $11,244 | Annual Rent Roll: $134,915 | Annual Expenses: $61,535 | NOI: $73,380Lot: 20 x 100 ft | Building: 20 x 75 ft | 3 Stories + Basement | Zoning: C-2 | 6 Residential Units | Rent Stabilized. 1 apartment on the ground floor has become vacant and will remain so, incase a buyer wishes to be owner operated. Otherwise it can be immediately rented out upon closing. The property has deferred maintenance and is priced accordingly, representing a straightforward income play for an experienced investor or owner-operator comfortable with a building that requires attention. Income is consistent, making this a steady cash-flowing asset in one of Brooklyn's most sought-after and transit-accessible neighborhoods. All information deemed reliable but not guaranteed. Buyers to perform their own due diligence.
Details
| MLS # | 1006016 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 107 |
| Listing Provided By | RealTegrity NY LLC | Robert J. Swiderski |
Features
| SQ Feet | 27,246 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | R7A |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 1177200 |
| Tax Annual Amount | 15353 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11226 |
| Listing VS Median (in 11226) | |
Price: $900,000 low | high Med: $949,500 sqft: 27,246 low | high Med: 14,807 $ / sqft: $33 low | high Med: $227 On site: 107 low | high Med: 169.5 | |
Market Activity 11226
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11226 |
| Listing VS Median (in 11226) | |
Price: $900,000 low | high Med: $949,500 sqft: 27,246 low | high Med: 14,807 $ / sqft: $33 low | high Med: $227 On site: 107 low | high Med: 169.5 | |