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281 23rd St

281 23rd St, Brooklyn, NY 11215

  • For Sale $2,500,000
  • City Brooklyn
  • Neighborhood Greenwood Heights
  • Zip Code 11215
  • Market Brooklyn
  • Property Type Multi-Family
  • Property Size 8,493 Sqft
  • Lot Size 0.06 Acre
  • Year Built 1931
  • Date Updated 03 May, 2021

TerraCRG has been retained to exclusively represent ownership in the sale of a multifamily building in Greenwood Heights. 281 23rd Street is located between Fifth and Sixth Avenues and offers the opportunity to obtain a fully occupied property in one of NYC’s fastest growing
submarkets.
The building is well-maintained, consists of twelve two-bedroom units and has a rent roll of $230,400. At asking price, the opportunity is offered at $324/SF, offers an NOI of $140,265 and price per unit of $229,000.
On the border of buzzing mixed-use neighborhoods, Greenwood Heights and Sunset Park, the property is in close proximity to the 25th Street R subway entrance as well as the on-ramp to the BQE, providing easy access to Manhattan and beyond. Nearby successful commercial projects include Industry City and Liberty View Plaza, among a plethora of other Brooklyn manufacturers, warehouses, retailers and more.

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Location

  • City Brooklyn, NY
  • Neighborhood Greenwood Heights
  • Zip Code 11215
  • Market Brooklyn

Contacts

Matt Cosentino

SYSTEM

(718) 768-6888

Michael Hernandez

TerraCRG

(718) 768-6888

Tim Thompson

TerraCRG

Jamie Walker

TerraCRG

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 281 23rd St?

281 23rd St totals 8,493 square feet.

When was this property built?

281 23rd St was built in 1931.

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