$2,575,000
↓ $113K (4.2%)
●
House -
For Sale
25 E 21st Street
Flatbush, NY 11226
Studio
0 Bath
$13,685
Estimated Monthly
$0
HOA / Fees
0.70%
Cap Rate
About This Property
Calling All Investors, Developers & End-Users!!! 100% Occupied 8.36
Cap 12 Unit Apartment Building In Brooklyn For Sale!!! The Building
Features Great Exposure, Excellent Signage, Strong R7A Zoning, 6
Parking Spaces, High 10' Ceilings, All New LED Lighting, A/C,
+++!!! The Property Is Located In The Heart Of Brooklyn Just 1 1/2
Blocks From Rt. 27 Near Prospect Park Lake & The Brooklyn Museum!!!
Neighbors Include UPS, FedEx, CubeSmart Self Storage, Target,
ShopRite, AutoZone, Bank Of America, Optimum, Blink Fitness, Planet
Fitness, Key Food, Dunkin', Walgreens, McDonald's, BP Gas, Taco
Bell, Duane Reade, Dollar Tree, Five Below, Subway, National
Wholesale Liquidators, Aldi, IHOP, Wendy's, KFC, +++!!! This
Property Has HUGE Upside Potential!!! This Could Be Your Next
Development Site Or A Nice Addition To Your Investment Portfolio!!!
Income: Apt. 1A (2 Br., 1 Bath):
$15,334.92 Ann.; Lease Exp.: 5/31/24. Apt. 1B (2 Br. 1
Bath): $14,760 Ann.; Lease Exp.: 5/31/24. Apt. 1C (3
Br. 1 Bath): $17,371.68 Ann.; Lease Exp.: 7/31/25.
Apt. 2A (2 Br. 1 Bath): $14,858.88 Ann.; Lease Exp.: 6/30/25.
Apt. 2B (3 Br. 1 Bath): $40,242.72 Ann.; Lease Exp.:
7/31/24. Apt. 2C (3 Br. 1 Bath): $17,760.24 Ann.;
Lease Exp.: 6/30/24. Apt. 3A (2 Br. 1 Bath):
$21,195.48 Ann.; Lease Exp.: 1/31/24. Apt. 3B (2 Br.
1 Bath): $17,525.64 Ann.; Lease Exp.: 2/28/24. Apt.
3C (3 Br. 1 Bath): $20,124.72 Ann.; Lease Exp.: 3/31/24.
Apt. 4A (2 Br. 1 Bath): $19,535.52 Ann.; Lease Exp.:
4/30/24. Apt. 4C (3 Br. 1 Bath): $16,588.68 Ann.;
Lease Exp.: 6/30/24. Apt. 4F (2 Br. 1 Bath): $41,940
Ann.; Lease Exp.: 8/31/24. Gross Income: $257,238.48
Ann. Expenses: Heat: $5,512 Ann.
Electric: $2,721 Ann. Maintenance & Repairs:
$1,737 Ann. Water & Sewer: $7,213 Ann.
Insurance: $12,395.24 Ann. Taxes: $12,484 Ann.
Total Expenses: $42,062.24 Ann. Net Operating
Income (NOI): $215,176.24 Ann. (8.36 Cap!!!)
Unit Size
-
Days on Market
222 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,040
HOA Dues
-
Year Built
1915
Listed By
Last updated: 5 months ago (OneKey MLS #ONE3505325)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 30, 2023 | Price Decreased |
$2,575,000
↓ $113K
(4.2%)
|
|
Price Decreased | |||
Oct 20, 2023 | Price Increased |
$2,688,000
↑ $38K
(1.4%)
|
|
Price Increased | |||
Oct 20, 2023 | Price Decreased |
$2,650,000
↓ $238K
(8.2%)
|
|
Price Decreased | |||
Sep 18, 2023 | Listed by All Island Estates Realty Corp | $2,888,000 | |
Listed by All Island Estates Realty Corp | |||
Jul 11, 2018 | Sold to Brooklyn Park Terrace Llc | $3,257,360 | |
Sold to Brooklyn Park Terrace Llc |
Show More
Property Highlights
Exterior Details
Property Information
Square Footage : 12292
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1915
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.11
Lot Size Square Feet: 4950
Lot Size Dimensions: 45x110
Financial Details
Tax Annual Amount: $12,484
Location Details
Directions: Woodrift to E. 21st
County or Parish: Brooklyn
Other Details
On Market Date: 2023-09-18
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
6
Beds
3
Baths
4,056 ft²
$648/ft²
$2,627,500
Aug 23, 2016
$2,627,500
Feb 21, 2017
-
Sold
House
5
Beds
4
Baths
3,600 ft²
$681/ft²
$2,452,500
Apr 1, 2019
$2,452,500
Jun 14, 2019
-
Sold
House
4
Beds
3
Baths
2,900 ft²
$853/ft²
$2,475,000
Jan 13, 2018
$2,475,000
Apr 4, 2018
-
In Contract
House
7
Beds
6
Baths
4,380 ft²
$605/ft²
$2,650,000
Dec 22, 2023
-
$1,386/mo
In Contract
House
4
Beds
4
Baths
2,200 ft²
$1,270/ft²
$2,795,000
Sep 1, 2023
-
$730/mo
In Contract
House
3
Beds
2
Baths
2,684 ft²
$857/ft²
$2,299,000
Aug 10, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
25 East 21st Street
25 East 21st Street, Brooklyn, NY 11226
- 12 Units
- 1 Unit for Sale