Check Availability
$2,575,000
↓ $113K (4.2%)
House - For Sale

25 E 21st Street

Flatbush, NY 11226
bedrooms
Studio
bathrooms
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
Richard Matt Shane
All Island Estates Realty Corp
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$2,400,000 Mar 2, 2015
$2,400,000 May 28, 2015
-
Townhouse
Stu
-
-
$2,355,000 Apr 7, 2015
$2,355,000 Sep 10, 2015
-
Townhouse
Stu
-
-
$2,100,000 Jul 2, 2015
$2,100,000 Aug 12, 2015
-
House
6 Beds
3 Baths
4,056 ft²
$648/ft²
$2,627,500 Aug 23, 2016
$2,627,500 Feb 21, 2017
-
House
5 Beds
4 Baths
3,600 ft²
$681/ft²
$2,452,500 Apr 1, 2019
$2,452,500 Jun 14, 2019
-
House
4 Beds
3 Baths
2,900 ft²
$853/ft²
$2,475,000 Jan 13, 2018
$2,475,000 Apr 4, 2018
-
House
Stu
-
-
$2,500,000 Dec 5, 2023
-
$2,250/mo
House
Stu
-
-
$2,180,000 Dec 5, 2023
-
$2,116/mo
Multifamily
Stu
7 Baths
-
$2,350,000 Nov 1, 2023
-
$1,333/mo
House
7 Beds
6 Baths
4,380 ft²
$605/ft²
$2,650,000 Dec 22, 2023
-
$1,386/mo
House
4 Beds
4 Baths
2,200 ft²
$1,270/ft²
$2,795,000 Sep 1, 2023
-
$730/mo
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
More about this Building
25 East 21st Street
Want to find out who owns 25 East 21st Street, Brooklyn, NY 11226? Get detailed property transactions here .

About Central Brooklyn


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