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3216 Glenwood Rd
Brooklyn, NY 11210
Brand-new Seven-Story Multifamily Building · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- Construction commenced in 2024 and is currently completed.
- Consists of 19 residential units in a 7-story elevator building and 9 parking spaces.
- The property is an all-electric building, with tenants responsible for their own utilities, supporting efficient operations.
- 4,300-square-foot lot with approximately 15,216 square feet of building area.
- The property benefits from the 485X tax abatement, effectively capping real estate taxes for 35 years.
- The building is not yet occupied and can be delivered vacant or occupied at closing, offering operational flexibility.
EXECUTIVE SUMMARY
Asset CRG Advisors, LLC has been exclusively retained to market 3216 Glenwood Road, a brand-new seven-story multifamily building located in the East Flatbush neighborhood of Brooklyn.
Construction commenced in 2024 and has been fully completed. The property is situated on a 4,300-square-foot lot and comprises approximately 15,216 square feet of gross building area.
The building features 19 residential units within a seven-story elevator property, along with nine on-site parking spaces. The property benefits from the 485X tax abatement, effectively capping real estate taxes for 35 years. Designed as an all-electric building, tenants are responsible for their own utilities, supporting efficient and streamlined operations.
The property is not yet occupied and may be delivered vacant or occupied at closing, providing flexibility for investors and operators. The building benefits from convenient access to the Sutter Avenue and Rockaway Avenue subway stations on the 3 line, as well as nearby bus routes, retail corridors, schools, parks, and neighborhood amenities, positioning it as a compelling investment opportunity in a growing Brooklyn residential market.
Construction commenced in 2024 and has been fully completed. The property is situated on a 4,300-square-foot lot and comprises approximately 15,216 square feet of gross building area.
The building features 19 residential units within a seven-story elevator property, along with nine on-site parking spaces. The property benefits from the 485X tax abatement, effectively capping real estate taxes for 35 years. Designed as an all-electric building, tenants are responsible for their own utilities, supporting efficient and streamlined operations.
The property is not yet occupied and may be delivered vacant or occupied at closing, providing flexibility for investors and operators. The building benefits from convenient access to the Sutter Avenue and Rockaway Avenue subway stations on the 3 line, as well as nearby bus routes, retail corridors, schools, parks, and neighborhood amenities, positioning it as a compelling investment opportunity in a growing Brooklyn residential market.
PROPERTY FACTS
| Price Per Unit | $500,000 | Building Size | 15,216 SF |
| Sale Type | Investment | No. Stories | 7 |
| No. Units | 19 | Year Built | 2024 |
| Property Type | Multifamily | ||
| Zoning | R6 - R6 — a medium-density residential zoning classification in New York City. | ||
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Building Size | 15,216 SF |
| No. Stories | 7 |
| Year Built | 2024 |
| Zoning | R6 - R6 — a medium-density residential zoning classification in New York City. |
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