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281-283 Flatbush Ave 14 Unit Apartment Building $5,900,000 ($421,429/Unit) 5.13% Cap Rate Brooklyn, NY 11217

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Investment Highlights

High Foot Traffic

Close to all Transportation

281-283-Flatbush-Ave Floorplan

Financial Summary (Actual - 2025) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$5,900,000	Apartment Style	Mid-Rise
Price Per Unit	$421,429	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	5.13%	Building Size	8,600 SF
Sale Condition	1031 Exchange	Average Occupancy	100%
No. Units	14	No. Stories	4
Property Type	Multifamily	Year Built	1931
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Dormitory
Zoning	R7A, c2-4 - R7A, C2-4 Contextual Residential Zoning District in NYC. This is a multifamily residential zone with medium sized buildings.

Price	$5,900,000
Price Per Unit	$421,429
Sale Type	Investment
Cap Rate	5.13%
Sale Condition	1031 Exchange
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Dormitory
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	8,600 SF
Average Occupancy	100%
No. Stories	4
Year Built	1931
Zoning	R7A, c2-4 - R7A, C2-4 Contextual Residential Zoning District in NYC. This is a multifamily residential zone with medium sized buildings.

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	12	-	650
Studios	2	-	450

1 1

Exceptionally walkable

100/100

Fairly drivable

50/100

Exceptional public transit

100/100

Moderately bikeable

70/100

Source: Local Logic^®

Property Taxes

Parcel Number	01150-0012	Total Assessment	$1,128,600 (2026)
Land Assessment	$18,000 (2026)	Annual Taxes	($1) ($0.00/SF)
Improvements Assessment	$1,110,600 (2026)	Tax Year	2025

Property Taxes

Parcel Number

01150-0012

Land Assessment

$18,000 (2026)

Improvements Assessment

$1,110,600 (2026)

Total Assessment

$1,128,600 (2026)

Annual Taxes

($1) ($0.00/SF)

Tax Year

2025

(718) 613-2015

Contact

Peter Grazioli
Brown Harris Stevens

Listing ID: 40512453
Date on Market: 5/13/2026
Last Updated:
Address: 281-283 Flatbush Ave, Brooklyn, NY 11217

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281-283 Flatbush Ave, Brooklyn, NY for sale Primary Photo- Image 1 of 6 — Exterior 1

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281-283 Flatbush Ave, Brooklyn, NY for sale Floor Plan- Image 5 of 6 — 281-283-Flatbush-Ave-Web

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