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Executive Summary

PLG Multifamily — Best & Final
4-unit, semi-detached building on a 24×100 lot — priced at $1,350,000 with a hard 30-day close. This is a targeted, high-intent sale:
inventory in a high-demand Brooklyn submarket. The building is fully occupied, but tenants are currently non-paying and the matters are in Landlord & Tenant court—creating a clear value-add/distressed-asset opportunity for an investor comfortable with L&T proceedings. This context also drives the urgency behind the best-and-final pricing and the preferred 30-day close.

Property Facts

Price $1,350,000
Price Per Unit $337,500
Sale Type Investment
Sale Conditions
Distress Sale
  • Redevelopment Project
  • REO Sale
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,800 SF
Average Occupancy 100%
No. Stories 3
Year Built 1931
Opportunity Zone Yes
Zoning R6 - Medium-density residential areas characterized by multi-family apartment buildings.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
04796-0055
Land Assessment
$76,500
Improvements Assessment
$399,150
Total Assessment
$475,650
  • Listing ID: 41708010

  • Date on Market: 8/11/2026

  • Last Updated:

  • Address: 365 Midwood St, Brooklyn, NY 11225

Contact the Sale Advisor

365 Midwood St

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