78 Units | Entire Block Front | 2 Corner Brooklyn Elevator Buildings Portfolio

$23,500,000

2249 East 21st Street, Brooklyn, NY 11229

For Sale

Mixed Use Residential/Retail

Active

Last Updated: 10/07/2025

Details:

Cap Rate: 4.65%

NOI: $1,094,609

Pro Forma Cap Rate : 5.5%

Building Size: 92,400 sqft

Lot Area: 19,250 sqft

Occupancy: 100%

Year Built: 1932 & 1939

Price Per Sqft: $254

Price Per Unit: $301,000

Tenancy: Multiple

Floors: 6

Opportunity Zone: No

Gross Leaseable Area: 92,000

Freight Elevator: No

Number of Elevators: 2

Offered by

Andrew Lichtenstein

Andrew Lichtenstein, Inc.

#31LI0467407

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Highlights:

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.