Estimated payment $32,263/month
Highlights
- Intercom to Front Desk
- 4,823 Sq Ft lot
- Central Air
- P.S. 204 Vince Lombardi Rated A
- Wood Flooring
- 3-minute walk to Dyker Beach Park
About This Home
Exceptional 16-unit multifamily building featuring a balanced mix of 14 free-market and 2 rent-stabilized apartments. The property offers strong current income and significant upside potential through 12 fully renovated, large-format free-market units.
Highlights
16 Total Units 14 Free-Market Apartments – large, renovated 3–4 bedroom layouts 2 Rent-Stabilized Apartments – providing steady, long-term cash flow All units have individual heating systems (tenants pay for heat) Air conditioning in every unit Low operating expenses due to tenant-paid utilities High demand for large family-sized apartments in the area Investment Summary
This asset offers investors a rare combination of stability and growth. The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol. Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand. The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs. Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI. Investor Highlights Strong in-place income with majority free-market exposure Upside potential via free-market rent growth Low maintenance costs and minimal owner responsibilities Balanced rent roll combining stability and flexibility Excellent opportunity for a value-focused multifamily investor
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $57,600
Year Built
- Built in 1910
Lot Details
- 4,823 Sq Ft Lot
- Lot Dimensions are 107 x 45
- Back Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
- Poured Concrete
Interior Spaces
- 16,020 Sq Ft Home
- 4-Story Property
- Stove
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 52 Bedrooms
- 16 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Cellar
Utilities
- Central Air
- Gas Water Heater
Listing and Financial Details
- Tax Block 1446
Community Details
Building Details
- Fuel Expense $1,637
- Insurance Expense $31,753
- Utility Expense $4,348
- Gross Income $507,554
- Net Operating Income $392,282
Additional Features
- 16 Units
- Intercom to Front Desk
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2025 12/11/25 | For Sale | $5,175,000 | +370.5% | $323 / Sq Ft | |
| 08/26/2025 08/26/25 | Sold | $1,100,000 | 0.0% | $583 / Sq Ft | View Prior Sale |
| 08/24/2025 08/24/25 | Price Changed | $3,000 | -9.1% | $3 / Sq Ft | |
| 08/17/2025 08/17/25 | For Rent | $3,300 | 0.0% | -- | |
| 04/11/2025 04/11/25 | Pending | -- | -- | -- | |
| 04/11/2025 04/11/25 | For Sale | $1,295,000 | -18.8% | $686 / Sq Ft | |
| 04/08/2025 04/08/25 | For Sale | $1,595,000 | 0.0% | $451 / Sq Ft | |
| 01/26/2025 01/26/25 | Rented | $3,450 | -2.8% | -- | |
| 12/05/2024 12/05/24 | For Rent | $3,550 | +54.3% | -- | |
| 01/15/2024 01/15/24 | Rented | $2,300 | 0.0% | -- | |
| 01/02/2024 01/02/24 | Sold | $1,800,000 | -18.2% | $735 / Sq Ft | View Prior Sale |
| 12/28/2023 12/28/23 | Pending | -- | -- | -- | |
| 12/28/2023 12/28/23 | For Sale | $2,199,999 | 0.0% | $899 / Sq Ft | |
| 11/17/2023 11/17/23 | Rented | $3,400 | +47.8% | -- | |
| 11/14/2023 11/14/23 | For Rent | $2,300 | -36.1% | -- | |
| 10/02/2023 10/02/23 | For Rent | $3,600 | 0.0% | -- | |
| 10/20/2022 10/20/22 | Sold | $1,850,000 | +6.9% | $381 / Sq Ft | View Prior Sale |
| 10/04/2022 10/04/22 | Sold | $1,730,000 | -21.4% | $641 / Sq Ft | View Prior Sale |
| 05/13/2022 05/13/22 | Pending | -- | -- | -- | |
| 04/29/2022 04/29/22 | Sold | $2,200,000 | 0.0% | $625 / Sq Ft | View Prior Sale |
| 04/29/2022 04/29/22 | Rented | $2,200 | 0.0% | -- | |
| 04/01/2022 04/01/22 | For Rent | $2,200 | +12.8% | -- | |
| 03/30/2022 03/30/22 | Under Contract | -- | -- | -- | |
| 11/01/2021 11/01/21 | Pending | -- | -- | -- | |
| 09/01/2021 09/01/21 | For Rent | $1,950 | 0.0% | -- | |
| 08/16/2021 08/16/21 | Rented | $1,950 | 0.0% | -- | |
| 08/03/2021 08/03/21 | Sold | $1,050,000 | 0.0% | $295 / Sq Ft | View Prior Sale |
| 07/29/2021 07/29/21 | Under Contract | -- | -- | -- | |
| 07/16/2021 07/16/21 | Sold | $930,000 | -17.0% | $775 / Sq Ft | View Prior Sale |
| 05/24/2021 05/24/21 | Pending | -- | -- | -- | |
| 03/08/2021 03/08/21 | Sold | $1,120,000 | +24.4% | $700 / Sq Ft | View Prior Sale |
| 02/23/2021 02/23/21 | Sold | $900,000 | +56150.0% | $678 / Sq Ft | View Prior Sale |
| 02/10/2021 02/10/21 | Pending | -- | -- | -- | |
| 10/11/2020 10/11/20 | Pending | -- | -- | -- | |
| 09/08/2020 09/08/20 | Rented | $1,600 | 0.0% | -- | |
| 08/27/2020 08/27/20 | Pending | -- | -- | -- | |
| 06/01/2020 06/01/20 | For Rent | $1,600 | -99.8% | -- | |
| 05/08/2020 05/08/20 | Under Contract | -- | -- | -- | |
| 04/16/2020 04/16/20 | Pending | -- | -- | -- | |
| 02/27/2020 02/27/20 | Sold | $915,000 | +21.2% | $339 / Sq Ft | View Prior Sale |
| 07/31/2019 07/31/19 | Sold | $755,000 | +45.2% | $274 / Sq Ft | View Prior Sale |
| 07/28/2019 07/28/19 | Pending | -- | -- | -- | |
| 05/20/2019 05/20/19 | Sold | $520,000 | 0.0% | $335 / Sq Ft | View Prior Sale |
| 04/15/2019 04/15/19 | Rented | $1,400 | 0.0% | -- | |
| 04/10/2019 04/10/19 | Pending | -- | -- | -- | |
| 04/08/2019 04/08/19 | Sold | $900,000 | 0.0% | $333 / Sq Ft | View Prior Sale |
| 04/01/2019 04/01/19 | Under Contract | -- | -- | -- | |
| 04/01/2019 04/01/19 | For Rent | $1,400 | 0.0% | -- | |
| 01/11/2019 01/11/19 | Pending | -- | -- | -- | |
| 12/05/2018 12/05/18 | Sold | $900,000 | -21.7% | $703 / Sq Ft | View Prior Sale |
| 08/29/2018 08/29/18 | Pending | -- | -- | -- | |
| 06/29/2018 06/29/18 | Sold | $1,150,000 | 0.0% | $513 / Sq Ft | View Prior Sale |
| 05/29/2018 05/29/18 | Rented | $2,200 | 0.0% | -- | |
| 05/22/2018 05/22/18 | Sold | $730,000 | -47.9% | $264 / Sq Ft | View Prior Sale |
| 04/30/2018 04/30/18 | Sold | $1,400,000 | 0.0% | $533 / Sq Ft | View Prior Sale |
| 04/25/2018 04/25/18 | Under Contract | -- | -- | -- | |
| 04/25/2018 04/25/18 | For Rent | $2,200 | 0.0% | -- | |
| 03/19/2018 03/19/18 | Pending | -- | -- | -- | |
| 03/09/2018 03/09/18 | Pending | -- | -- | -- | |
| 02/13/2018 02/13/18 | Pending | -- | -- | -- | |
| 10/25/2017 10/25/17 | Sold | $1,235,000 | -- | $385 / Sq Ft | View Prior Sale |
| 08/02/2017 08/02/17 | Pending | -- | -- | -- | |
| 06/07/2017 06/07/17 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 497842
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