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Flatbush Multi-Family Building 448 E 26th St 12 Unit Apartment Building $1,999,999 ($166,667/Unit) 10.27% Cap Rate Brooklyn, NY 11226
Investment Highlights
- Prime Location
- Well Maintained
Executive Summary
The CS Organization is pleased to present 448 East 26th Street to market. This solid 12 Family Building in Flatbush consists of 12 Rent Stabilized units. The building spans 10,000sf and sits on a unique 4,000 SF lot. Zoned R6, 448 East 26th Street is primely located a few blocks from the Flatbush Avenue commercial corridors, benefiting from high foot traffic, strong visibility, high traffic count. The central location offers seamless connectivity to public transportation. 448 East 26th Street is nestled in a thriving
submarket of Brooklyn with consistent demand for rental housing.
submarket of Brooklyn with consistent demand for rental housing.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$293,229
|
$30.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$293,229
|
$30.23
|
| Taxes |
$46,348
|
$4.78
|
| Operating Expenses |
$41,321
|
$4.26
|
| Total Expenses |
$87,669
|
$9.04
|
| Net Operating Income |
$205,560
|
$21.20
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $293,229 |
| Annual Per SF | $30.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $293,229 |
| Annual Per SF | $30.23 |
| Taxes | |
|---|---|
| Annual | $46,348 |
| Annual Per SF | $4.78 |
| Operating Expenses | |
|---|---|
| Annual | $41,321 |
| Annual Per SF | $4.26 |
| Total Expenses | |
|---|---|
| Annual | $87,669 |
| Annual Per SF | $9.04 |
| Net Operating Income | |
|---|---|
| Annual | $205,560 |
| Annual Per SF | $21.20 |
Property Facts
| Price | $1,999,999 | Apartment Style | Mid-Rise |
| Price Per Unit | $166,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 10.27% | Building Size | 9,698 SF |
| Gross Rent Multiplier | 14.6 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.2/1,000 SF |
| Zoning | R6 - R6 - Medium density residential district | ||
| Price | $1,999,999 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 10.27% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,698 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | R6 - R6 - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 7 | - | - |
| 3+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05212-0049 | Total Assessment | $390,600 (2026) |
| Land Assessment | $90,000 (2026) | Annual Taxes | $46,348 ($4.78/SF) |
| Improvements Assessment | $300,600 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
05212-0049
Land Assessment
$90,000 (2026)
Improvements Assessment
$300,600 (2026)
Total Assessment
$390,600 (2026)
Annual Taxes
$46,348 ($4.78/SF)
Tax Year
2025
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Flatbush Multi-Family Building | 448 E 26th St
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