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124 Cortelyou Rd 6 Unit Apartment Building For Sale Brooklyn, NY 11218
Executive Summary
124 Cortelyou Road is a fully renovated six-unit, rent-stabilized multifamily building located in the Kensington / Ditmas Park area of Brooklyn. The property is a three-story brick walk-up comprised of six residential apartments, all rent stabilized, offering a stable and regulated income profile in a high-demand Brooklyn submarket.
The building has been well maintained with recent capital improvements, including a roof approximately five years old, upgraded common areas, and clean, organized mechanical systems. Several of the apartments are rented below current market levels, providing room for continued rent growth through annual guideline increases and vacancy allowances within the rent-stabilized framework. The property also includes a full basement currently used for storage and utilities, with potential to be utilized as a superintendent’s office and/or owner-use space, subject to DOB and HPD approvals.
Property Highlights:
Six (6) residential units
Fully renovated and well maintained
Roof approximately 5 years old
Below-market rents in place with upside through legal increases
Full basement with potential super/owner-use configuration
Clean, accessible mechanical and utility rooms
Prime Kensington / Ditmas Park location
Close proximity to B/Q and F subway lines
Walkable to retail, dining, and neighborhood amenities
The building has been well maintained with recent capital improvements, including a roof approximately five years old, upgraded common areas, and clean, organized mechanical systems. Several of the apartments are rented below current market levels, providing room for continued rent growth through annual guideline increases and vacancy allowances within the rent-stabilized framework. The property also includes a full basement currently used for storage and utilities, with potential to be utilized as a superintendent’s office and/or owner-use space, subject to DOB and HPD approvals.
Property Highlights:
Six (6) residential units
Fully renovated and well maintained
Roof approximately 5 years old
Below-market rents in place with upside through legal increases
Full basement with potential super/owner-use configuration
Clean, accessible mechanical and utility rooms
Prime Kensington / Ditmas Park location
Close proximity to B/Q and F subway lines
Walkable to retail, dining, and neighborhood amenities
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 5,250 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Zoning | R6A, Brooklyn | ||
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,250 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6A, Brooklyn |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
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Very walkable
80/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05385-0010 | Improvements Assessment | $534,600 |
| Land Assessment | $5,400 | Total Assessment | $540,000 |
Property Taxes
Parcel Number
05385-0010
Land Assessment
$5,400
Improvements Assessment
$534,600
Total Assessment
$540,000
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124 Cortelyou Rd