$2,495,000
$455K PRICE DROP

Estimated payment $16,339/month

Total Views 5,846
-- Bed
-- Bath
12,000 Sq Ft
$208 Price per Sq Ft

Highlights

  • Ocean Front
  • 5,242 Sq Ft lot
  • 3-minute walk to Van Voorhees Playground
  • P.S. 29 John M. Harrigan Rated A
  • Property is near public transit and bus stop

About This Home

This is a rare opportunity to acquire a contiguous two-building portfolio comprising 16 residential units in the desirable Columbia Waterfront District of Brooklyn. The portfolio consists of two adjacent four-story, eight-unit walk-up buildings, offering stable current income with significant future upside. The units are a mix of free market, rent stabilized, and rent controlled apartments. This tenancy structure provides investors with an immediate cash flow and the potential for substantial rental growth through capital improvements and natural unit turnover in the free market sector. A major growth catalyst for this investment is the large-scale redevelopment of the Brooklyn Marine Terminal happening just across the street. This significant project is expected to bring substantial commercial activity and further enhance the long-term value and desirability of the immediate neighborhood. Residents benefit from excellent transportation access (F and G trains nearby) and proximity to Brooklyn Bridge Park and the thriving retail and dining options along Atlantic Avenue and Court Street. This is an excellent acquisition for an investor seeking a substantial asset with strong value-add potential poised for continued appreciation. * Strategic Location: Located directly across from the Brooklyn Marine Terminal, which is slated for a multi-billion-dollar, 122-acre redevelopment. * Irreplaceable Scale: Acquiring 16 units across two contiguous four-story buildings in a low-density, high demand neighborhood. * Acquisition Strategy: This offering targets investors seeking to leverage a below-market PPU entry point to secure a significant footprint. * Neighborhood: High quality of life supported by proximity to world-class amenities, including Brooklyn Bridge Park, Piers 5 & 6. * Transportation & Access: Excellent connectivity for tenants with easy access to the F and G subway lines.

Listing Agent

Robert Shiryak

Listed on: 11/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,836

Year Built

  • Built in 1900

Lot Details

  • 5,242 Sq Ft Lot
  • Ocean Front

Property Views

  • Ocean
  • City
  • Scenic Vista
  • Park or Greenbelt

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 12,000 Sq Ft Home
  • 4-Story Property
  • Partially Finished Basement
  • Partial Basement

Location

  • Property is near public transit and bus stop

Community Details

  • Columbia Street Waterfront District Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,836

Year Built

Built in 1900

Lot Details

5,242 Sq Ft Lot

Listing Details

  • HamletID: 0
  • LandRentAmount: 0
  • NearBus: Yes
  • NearTrain: Yes
  • Number Of Stories: 4
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Brooklyn
  • PropertyTownship: Cobble Hill
  • Prop. Type: Multi-Unit (5+)
  • Renovation Year: 0
  • RoofRubber: Yes
  • SForSaleAndRForRental: S
  • SidingBrick: Yes
  • USStateAbbreviation: NY
  • ViewCity: Yes
  • ViewOcean: Yes
  • ViewPark: Yes
  • ViewScenic: Yes
  • ViewStreet: Yes
  • View Water: Yes
  • WaterfrontOcean: Yes
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • BasementPartlyFinished: Yes
  • Basement Type: Partial
  • Fireplaces: 0
  • AboveArea Sq Ft: 12000

Exterior Features

  • Construction Type: Masonry - Brick
  • Waterfront Property: Yes

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 5242
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 41836

Tax Info

  • Tax Year: 0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2026 01/07/26 Price Changed $2,495,000 -15.4% $208 / Sq Ft
01/07/2026 01/07/26 For Sale $2,950,000 0.0% $246 / Sq Ft
01/01/2026 01/01/26 Off Market $2,950,000 -- --
12/03/2025 12/03/25 For Sale $2,950,000 0.0% $246 / Sq Ft
11/30/2025 11/30/25 Off Market $2,950,000 -- --
11/13/2025 11/13/25 For Sale $2,950,000 -- $246 / Sq Ft
Source: My State MLS

Source: My State MLS

MLS Number: 11609573

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