263 E 46th St
Brooklyn, NY 11203
Multifamily Property For Sale · 6 Units

263 East 46th Street presents a strong multifamily investment opportunity within a quiet, well-established residential pocket of Brooklyn. Positioned on the east side of East 46th Street between Clarkson Avenue and Lenox Road, the property sits among predominantly single and two-family homes that contribute to a stable, family-oriented community environment. The building features a traditional three-story layout plus basement with well-proportioned front and rear units, all benefiting from an efficient footprint that supports long-term rental demand. Each residence includes a living and dining area, full kitchen, and full bathroom, creating functionality for a wide range of tenants.
All six apartments are rent stabilized and individually metered for cooking gas and electricity, while the basement houses the meters at a comfortable ceiling height. Mechanical systems include a gas boiler and water heater, supporting straightforward operation and management. The property’s consistent rental income underscores its reliability as an income-producing asset, and continued demand is reinforced by immediate access to everyday conveniences including Walgreens, Chase Bank, Bobby’s Department Store, and additional neighborhood retail located along nearby Clarkson Avenue. Transit access is also strong, with the B46 bus connecting residents to the 2, 3, 4, and 5 trains along Eastern Parkway, expanding mobility throughout Brooklyn and Manhattan.
Investors will appreciate the building’s current stability, while also recognizing significant upside potential. Light improvements to common areas and stairways can further elevate long-term value, and the property’s lot size, combined with its R5 zoning designation, introduces future redevelopment possibilities for a condominium or upgraded multifamily configuration. The ability for an owner-occupant to duplex the first-floor unit with the basement adds flexibility for buyers seeking partial occupancy with rental income support. Altogether, 263 East 46th Street stands as a compelling blend of stability, scalability, and strategic location in one of Brooklyn’s most consistently strong rental corridors.