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WITHHELD Withheld Street

Brooklyn, NY 11233
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Bed 52

Bed

Bath 16

Bath

SqFt16,020

Sqft

Acres0.11

Acre(Lot)

Exceptional 16-unit multifamily building featuring a balanced mix of 14 free-market and 2 rent-stabilized apartments. The property offers strong current income and significant upside potential through 12 fully renovated, large-format free-market units. Highlights 16 Total Units 14 Free-Market Apartments – large, renovated 3–4 bedroom layouts 2 Rent-Stabilized Apartments – providing steady, long-term cash flow All units have individual heating systems (tenants pay for heat) Air conditioning in every unit Low operating expenses due to tenant-paid utilities High demand for large family-sized apartments in the area Investment Summary This asset offers investors a rare combination of stability and growth. The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol. Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand. The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs. Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI. Investor Highlights Strong in-place income with majority free-market exposure Upside potential via free-market rent growth Low maintenance costs and minimal owner responsibilities Balanced rent roll combining stability and flexibility Excellent opportunity for a value-focused multifamily investor

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,500,000

AD Id : 70768103

MLS Id : 497842

Beds : 52

Lot Size : 0.11 Acre

Living Area Size : 16,020

Year Built : 1910

County : Kings

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total beds: 52

    Bathroom Information

    Full Baths: 16
  • Flooring Information

    Ceramic Tile, Hardwood, Tile
  • Roofing Information

    Flat
  • Interior Features

    Roof: Flat Appliances: Electric Water Heater, Gas Water Heater, Refrigerator, Cooktop
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1910 Building Area Total: 16020 Construction Materials: Block, Brick Stories: 4 Private Pool: No

  • Lot Information

    Lot Dimensions: 107 x 45 Lot Size Acres: 0.11 Lot Size Square Feet: 4823

  • Listing Price Information

    Listing Price: $4500000 Original Price: $5175000

  • Tax Information

    Tax Lot: 46 Tax Block: 1446 Annual Tax: $57600

  • Parking Information

    None
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/06/2026 @ 11:40

MLS: 497842 LISTED BY: Israel Landau, eXp Realty BKNY 888-276-0630 SOURCE: Brooklyn Board of REALTORS

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