$3,200,000 USD
718-663-2639
580 E 22nd St
Brooklyn, NY 11226
Flatbush-Ditmas Park
HIGHLIGHTS
- 25% Free Market Building - Fully occupied 20-unit asset featuring 5 FM & 15 RS units with large layouts; average $1,710/month/unit
- Well-Maintained Asset - Minimal deferred maintenance and not subject to Local Law 97 energy requirements, reducing operational costs.
- Strong Upside Potential - Opportunity for 35% rent upside in both free market and preferential rent units, providing significant value-add potential.
- Prime Brooklyn Location • Half a mile to Newkirk Plaza (B & Q trains) & Newkirk Ave-Little Haiti (2 & 5 trains)
- Efficient Building Infrastructure - Features a gas-fired boiler for heating and individual electric meters, reducing landlord utility expenses.
- Tenant-Friendly Amenities - Building features a common area Amazon delivery hub and basement laundry facilities, enhancing convenience for residents.
FOR SALE DETAILS
PRICE
$3,200,000 USD
PRICE/SF
$210 USD /SF
# OF UNITS
20
PRICE/UNIT
$160,000
CAP RATE
6.84%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
580 E 22nd St, Brooklyn
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,320 SF
ZONING
R7A
APN/PARCEL ID
05221-0048
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718-663-2639
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718-663-2639
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