281 23rd Street
Brooklyn, NY 11215
--
Bed
8.5
Bath
8,493Sqft
0.06Acre(Lot)
Turnkey multifamily investment - 281 23rd Street is a beautifully-maintained masonry pre-war building spanning approximately 8,492 square feet above-grade. The building hosts 12 apartments, eight of which are configured as 2 BR, while the remaining four are 1 BR. The building is being offered for sale for the first time in almost 40 years. Current ownership has taken long-term care of the property, offering new ownership a turn-key cash flowing asset. Core asset with stable cash flow and future upside - All apartments are rent-stabilized and leased. The asset currently generates over $270,000 gross annually. Average AGI/NSF is $34.61, equating to an average monthly rent of $1837 per apartment, this is approximately 75% of market rents of comparable rentals in area. This allows future inves
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Full Baths: 8 Half Baths: 8Room Information
Has Basement: Yes Basement: Partially Finished -
Flooring Information
Carpet, Ceramic Tile, Hardwood, Linoleum -
Roofing Information
Asphalt, Flat -
Interior Features
Roof: Asphalt, Flat Appliances: Gas Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Steam, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1931 Building Area Total: 8493 Construction Materials: Brick Stories: 4 Private Pool: No
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Lot Information
Lot Dimensions: 100 x 25 Lot Size Acres: 0.06 Lot Size Square Feet: 2459
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Listing Price Information
Listing Price: $1849999 Original Price: $1950000
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Tax Information
Tax Lot: 49 Tax Block: 899 Annual Tax: $64651
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Parking Information
On Street, None
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 860 Union Street, Brooklyn, NY, 11215 | $3,750,000 | 6 | 6 | 3,894 | 3,894 SqFt |
| 490 16th Street, Brooklyn, NY, 11215 | $2,450,000 | 6 | 3 | -- | |
| 566 7th Street, Brooklyn, NY, 11215 | $7,499,000 | -- | 16 | -- | |
| 176 Prospect Park West .., Brooklyn, NY, 11215 | $8,000,000 | -- | 9 | 14,200 | 14,200 SqFt |
| 475 16th Street, Brooklyn, NY, 11215 | $999,000 | 16 | 8 | 6,840 | 6,840 SqFt |
| 819 Union Street, Brooklyn, NY, 11215 | $4,500,000 | -- | 4 | 3,580 | 3,580 SqFt |
| 238 Prospect Park West .., Brooklyn, NY, 11215 | $1,650,000 | -- | -- | 4,200 | 4,200 SqFt |
| 258 7th Avenue, Brooklyn, NY, 11215 | $2,999,990 | -- | -- | 2,911 | 2,911 SqFt |
| 645 Carroll Street, Brooklyn, NY, 11215 | $4,599,900 | 5 | 7 | -- | |
| 344 7th Avenue, Brooklyn, NY, 11215 | $5,000,000 | -- | -- | 4,680 | 4,680 SqFt |
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ByOwner last updated this listing 06/07/2026 @ 12:08
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