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677 E 21st St 17 Unit Apartment Building $4,800,000 ($282,353/Unit) Brooklyn, NY 11226
INVESTMENT HIGHLIGHTS
- Fully approved by NYC DOB
- Structural steel framing completed
- Ideal for developers and investors
- New construction (built in 2024)
- Fast-track completion potential
EXECUTIVE SUMMARY
Exceptional Development Opportunity for a developer/ Investor: Presenting an outstanding investment opportunity at 677 East 21st Street, located in the heart of Brooklyn. This 17-unit residential project is approximately 50% complete, with all plans fully approved by the NYC Department of Buildings (DOB).Exceptional Development Opportunity for a developer/ Investor: Presenting an outstanding investment opportunity at 677 East 21st Street, located in the heart of Brooklyn. This 17-unit residential project is approximately 50% complete, with all plans fully approved by the NYC Department of Buildings (DOB). An ideal acquisition for developers or investors seeking a fast-track completion and flexible disposition options — whether as high-end condominiums or income-producing rentals. Investment Snapshot: New 17-unit residential building, approximately 50% complete All plans are fully approved by the NYC Department of Buildings (DOB) Project Features: Architectural Set: Includes zoning analysis, floor plans (Cellar to Penthouse), elevations, ADA compliance, Completed Work: Structural steel framing (welding, bolting). This project represents an exceptional opportunity to complete a new residential asset in a highly desirable Brooklyn location with significant construction milestones already achieved. Ideal for investors seeking expedited entry into a proven market with substantial upside potential.
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PROPERTY FACTS
| Price | $4,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $282,353 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | Redevelopment Project | Construction Status | Under Construction |
| No. Units | 17 | Building Size | 11,800 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2026 |
| Zoning | R7A - a medium-density residential area that encourages the construction of seven- to nine-story apartment buildings, typically with high lot coverage | ||
| Price | $4,800,000 |
| Price Per Unit | $282,353 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Construction Status | Under Construction |
| Building Size | 11,800 SF |
| No. Stories | 6 |
| Year Built | 2026 |
| Zoning | R7A - a medium-density residential area that encourages the construction of seven- to nine-story apartment buildings, typically with high lot coverage |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Walk Score®
Very Walkable (79)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 05221-0073 | Improvements Assessment | $966,150 |
| Land Assessment | $68,400 | Total Assessment | $1,034,550 |
PROPERTY TAXES
Parcel Number
05221-0073
Land Assessment
$68,400
Improvements Assessment
$966,150
Total Assessment
$1,034,550
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677 E 21st St
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