13 Unit, Walk-Up Building with 12 Newly Renovated Free Market Apartments
$2,800,000
2156 Cortelyou Road, Brooklyn, NY
For Sale
Multifamily
Active
Last Updated: 06/05/2025
7.79
Cap Rate
218,080
NOI
Details:
Cap Rate: 7.79%
NOI: $218,080
Projected Cap Rate: 9.24%
: 8,641 sqft
: 2,865 sqft
: 13
GRM: 7.88
Price Per Sqft: $324
Price Per Unit: $215,385
Zoning: R6A
: 4
Highlights:
- 12 free market apartments and 1 rent stabilized apartments
- Four stories tall building encompassing approximately 8,641 gross square feet
- Walking distance to public transportation via the Q,2 and 5 trains as well as B41 and B49 buses
- All residential units have spacious bedrooms and living/kitchen areas with large windows
- Heavy foot traffic along the Cortelyou and Flatbush Avenue intersection with restaurants, medical offices and stores
- Increasing neighborhood popularity with rents growing annually
Documents:
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