78 Units | Entire Block Front | 2 Corner Brooklyn Elevator Buildings Portfolio
$18,500,000
2249 East 21st Street, Brooklyn, NY 11229
For Sale
Mixed Use
Residential/Retail
Active
Last Updated: 08/29/2025
6
Cap Rate
1,111,012
NOI
Details:
Cap Rate: 6%
NOI: $1,111,012
Pro Forma Cap Rate : 7.2%
Building Size: 92,400 sqft
Lot Area: 19,250 sqft
Occupancy: 100%
Year Built: 1932
Price Per Sqft: $200
Price Per Unit: $237,179
Tenancy: Multiple
Floors: 6
Opportunity Zone: No
Gross Leaseable Area: 4,000
Highlights:
- 9.4% to 20% Actual & Projected COCROI
- Turnkey investment with proven rental demand
- NEW FINANCING SCENARIOS – PLAN A or PLAN B
- Entire Block-front 2 Prime Corners Elevator Multi-Family Buildings
- Recently upgraded, sun-drenched corner building
Description:
This 2 Building Portfolio are lovely, clean, sun-drenched, bright, and cheery, valuable, and desirable 4-story and 6-story corner elevator buildings consisting of 76 rent-stabilized residential units, a 3,000 square foot Daycare facility, and a 500 square foot Deli. The buildings were recently upgraded, are fully occupied, and well-maintained. The buildings offer stable income in a sought-after location and have high tenant retention and strong rental demand. Situated in the Sheepshead Bay neighborhood, it offers easy access to public transportation, local amenities, and major thoroughfares.
Documents:
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1-Lichtenstein-_78_Units-_Entire_Block_Front-_2_Corner_Brooklyn_Elevator_Buildings.pdf
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Location
Gallery
