Multifamily Property for Sale in Brooklyn, NY

  • Price: $6.2M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11210
  • Size: 10,800 SF
  • Year built: 2020

Description

KW Commercial has been exclusively retained for the sale of this double property in Flatbush, Brooklyn NY. This is an amazing opportunity to purchase two connected side-by-side multifamily properties of 8 units each, new construction from 202. About the Buildings • 2020 construction, 4 Story apartment building • 16 residential units 2 one bedrooms 12 two Bedrooms 2 three Bedrooms All units have balconies Washer / dryer in each unit Air conditioning Hardwood floors & high ceilings Stone Kitchen Counter tops 421-A tax exemption till 2055 • 10,800 square feet combined • Lot size 40 x 100 • Built size 40 x 70 • Each unit is separately metered for gas and electric • Both are protected tax class 2B Building SF: 10800 | Year Built: 2020 | Listing Type: FOR SALE

Market Context

This multifamily in Brooklyn, NY is listed for sale at $6,250,000 across 10,800 SF. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 2020. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Brooklyn, NY — <a href="/search/sale/multifamily/new-york/brooklyn">view the full market</a>.

As of Q1 2025, the New York City Area multifamily market showed a 4.8% vacancy rate, and rents up 6.3% year over year. Source: CBRE Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the New York City Area multifamily market tightening or softening?
Vacancy is around 4.8%, with asking rents rising year over year (Q1 2025).

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