# 163 Veronica Place, Brooklyn, NY 11226 > **TL;DR:** 0bd/8ba residential multi family, $3,900,000 ($614/sqft), built 2013, 6,350 sqft. > Hardwood, A/C. Est. $20,859/mo. Listed 30 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,900,000 | | Price/sqft | $614 | | Bathrooms | 8 full | | Square Feet | 6,350 | | Year Built | 2013 | | Lot Size | 2,505 sqft (0.06 acres) | | Stories | 4 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 30 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $19,721 | | Estimated Insurance | $1,138 | | **Total** | **$20,859** | ## Key Amenities - Hardwood - A/C ## Property Highlights - Built in 2013 - 0.06 acre lot - 4 stories ## Description ### Agent Description Suits Realty Investment Sales is proud to present 163 Veronica Place, an exceptional four-story, 8-unit residential apartment building in Flatbush, Brooklyn. Built in 2013 and meticulously maintained by its original owner, this +/- 6,350 SF property features a robust masonry skeleton, in-demand building systems, and virtually no deferred maintenance. The building consists of 8 rent-stabilized units generating an immediate yearly rent roll of $212,328.00. Because tenants are responsible for their own heat, hot water, gas, and electricity utilities, the asset delivers strong, dependable cash flow from day one. Currently 100% occupied, the property offers an impressive clear path to a projected annual rent roll of $338,124 upon natural unit turnover. Crucially, the building's 421-a tax abatement is set to expire in 2030, presenting a powerful future exit strategy or valueadd opportunity. Upon expiration, a new owner will have the legal flexibility to convert the building into a luxury condominium or transition the units to full, unregulated freemarket rent levels. Perfectly positioned between Tilden Avenue and Beverley Road, residents enjoy effortless commuting via the 2/5 train at Church Avenue and Beverley Road. Furthermore, the property sits just minutes away from Prospect Park, granting tenants immediate access to 526 acres of premier recreational space. ## Location - **Address:** 163 Veronica Place, Brooklyn, NY 11226 - **County:** Kings (Brooklyn) - **Coordinates:** 40.646146, -73.952366 - **Google Maps:** https://www.google.com/maps?q=40.646146,-73.952366 ## Listing Agent - **Name:** Sheraz Ali - **Brokerage:** Suits Realty LLC - **Broker Phone:** (646) 714-9366 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/163-Veronica-Pl_Brooklyn_NY_11226_M46392-53763?f=listhub&s=BMLSNY&m=505003&c=propsimple) ## Photos ![163 Veronica Place - Photo 1](http://lh.rdcpix.com/7331e9597257297bed5fd2a167deab8el-f1403163429r.jpg) ![163 Veronica Place - Photo 2](http://lh.rdcpix.com/7331e9597257297bed5fd2a167deab8el-f1403163429r.jpg) ![163 Veronica Place - Photo 3](http://lh.rdcpix.com/7331e9597257297bed5fd2a167deab8el-f2223496162r.jpg) --- **MLS#:** 505003 | **Updated:** 2026-10-22 **Source:** listhub *Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/163-veronica-place-brooklyn-ny-11226-69063d959f4f4d9ba334fe0c2c334217) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/163-veronica-place-brooklyn-ny-11226-69063d959f4f4d9ba334fe0c2c334217#listing", "url": "https://www.propertysimple.ai/listing/163-veronica-place-brooklyn-ny-11226-69063d959f4f4d9ba334fe0c2c334217", "name": "163 Veronica Place, Brooklyn, NY 11226", "description": "Suits Realty Investment Sales is proud to present 163 Veronica Place, an exceptional four-story, 8-unit residential apartment building in Flatbush, Brooklyn. Built in 2013 and meticulously maintained by its original owner, this +/- 6,350 SF property features a robust masonry skeleton, in-demand building systems, and virtually no deferred maintenance. The building consists of 8 rent-stabilized units generating an immediate yearly rent roll of $212,328.00. Because tenants are responsible for their own heat, hot water, gas, and electricity utilities, the asset delivers strong, dependable cash flow from day one. Currently 100% occupied, the property offers an impressive clear path to a projected annual rent roll of $338,124 upon natural unit turnover. Crucially, the building's 421-a tax abatement is set to expire in 2030, presenting a powerful future exit strategy or valueadd opportunity. Upon expiration, a new owner will have the legal flexibility to convert the building into a luxury condominium or transition the units to full, unregulated freemarket rent levels. Perfectly positioned between Tilden Avenue and Beverley Road, residents enjoy effortless commuting via the 2/5 train at Church Avenue and Beverley Road. 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