deal image
2401 Cortelyou Rd, Brooklyn, NY 650 E 21st St, Brooklyn, NY 738 E 21st St, Brooklyn, NY
Flatbush Portfolio
Asset ClassMultifamily
# Buildings: 3Square Feet: 61,614Access Data Room
3 Building Package | Flatbush, Brooklyn, NY
overview of deal

Overview

Built in 1924, 2401 Cortelyou Road (AKA 2435 Bedford Avenue & 214 Lott Street) is a 4-story walkup apartment building that has 21,280 SF and includes 25 apartments. Located at the intersection of Cortelyou Road, Bedford Avenue and Lott Street, the property is walking distance to Prospect Park, Brooklyn College, Kings County Hospital and Kingsbrook Jewish Medical Center. Nearby subways include the 2, 5 & Q Trains on Beverly Road.

 

Built in 1931, 650 East 21st Street (AKA 2020-2044 Newkirk Avenue) is a 4-story walkup apartment building that has 22,800 SF and includes 23 apartments. Located on the SW corner of East 21st Street and Newkirk Avenue, the property is walking distance to Prospect Park, Brooklyn College, Kings County Hospital and Kingsbrook Jewish Medical Center. Nearby subways include the 2, 5 & Q Trains on Beverly Road,

 

Built in 1931, 738 East 21st Street is a 4-story walkup apartment building that has 17,534 SF and includes 20 apartments. Located between Foster Avenue and Farragut Road, the property is walking distance to Prospect Park, Kings County Hospital, and Jewish Medical Center. Nearby subways include the Q at Avenue J and the B and Q at Kings Highway.

 

Asking Price: $6,500,000 | 6.5% Cap Rate

Investment Highlights

  • Three 4-Story Walkup Buildings | 61,614 GSF
  • 68 Units: 26 1BR, 33 2BR & 9 3BR
  • Monthly Average Rents: $1,400-$1,500/Unit
  • 650 East 21st Street | 23 Units | 22,800 GSF
  • 738 East 21st Street | 20 Units | 17,534 GSF
  • 2401 Cortelyou Road | 25 Units | 21,280 GSF
  • Buildings Located Within a 5-Minute Drive from One Another
deal gallery image
deal gallery image
deal gallery image
2401 Cortelyou RdBrooklyn, NY 11226

Inquire

Listing provided by LightBox Revere