This property is a prime investment opportunity located in the heart of Ditmas Park, Brooklyn — a neighborhood known for its tree-lined streets, classic architecture, and strong rental demand. This four-story, 23-unit corner walk-up building offers approximately 17,392 square feet of rentable space across 85 rooms. Priced attractively at $2,100,000, the property delivers a solid 8.1% cap rate.

The building has been well maintained, featuring a new roof and brand-new electrical system, which minimizes near-term capital expenditures. It is offered free and clear of debt, giving investors maximum flexibility. Zoned R7A, the property also presents notable long-term development or expansion potential, with an FAR of 4 and a current build of only 2.47.

Priced at $99,782 per unit and $132 per square foot, this property represents exceptional value in a thriving Brooklyn submarket. Located in prime Ditmas Park, the building is steps from the Q train, local shops, cafes, and Cortelyou Road’s popular dining corridor. The area’s mix of historic charm and vibrant community ensures consistent tenancy and long-term appreciation.

For investors seeking a stable, income-producing multifamily property with clear upside and a desirable location, this is a rare and compelling offering in one of Brooklyn’s most promising neighborhoods.