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About This Home
This 0-bedroom, 0-bathroom residential multi family at 354 E 21st Street in Brooklyn, NY is listed for $900,000. Built in 1925, on a 0.05 acres lot.
This 6-family w/ 3 Market Rent and 3 Rent Stabilized apartments delivers strong, reliable cash flow with an 8.15% cap rate, offering a compelling return in today's market. This prime investment opportunity is located in the South Slope area of Park Slope!
Monthly Rent Roll: $11,244 | Annual Rent Roll: $134,915 | Annual Expenses: $61,535 | NOI: $73,380 Lot: 20 x 100 ft | Building: 20 x 75 ft | 3 Stories + Basement | Zoning: C-2 | 6 Residential Units | Rent Stabilized. 1 apartment on the ground floor has become vacant and will remain so, incase a buyer wishes to be owner operated.
Otherwise it can be immediately rented out upon closing. The property has deferred maintenance and is priced accordingly, representing a straightforward income play for an experienced investor or owner-operator comfortable with a building that requires attention. Income is consistent, making this a steady cash-flowing asset in one of Brooklyn's most sought-after and transit-accessible neighborhoods. All information deemed reliable but not guaranteed. Buyers to perform their own due diligence.
Key Features
- Built in 1925
- 0.05 acre lot
Property Details
Amenities
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
354 E 21st Street
Brooklyn, NY 11226
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 354 E 21st Street is listed at $900,000. The estimated monthly payment is $3,900 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.05 acre lot.
This property is listed by Robert J. Swiderski and can be reached at 9176238874 or rswiderski@realtegrityny.com.
