344 21st

344 21st, Brooklyn, NY 11215

Property Information

  • For Sale $2,650,000
  • Property Type Multi-Family
  • Lot Size 0.06 Acre
  • Cap Rate % 0.03
  • Rental Income / YR $151,044.00
  • NOI / YR $83,010.00
  • Taxes / YR $18,174.00
  • Date Updated Oct 28, 2026

Description

Investor's Delight! Exceptional opportunity to own an income-producing 8-family brown brick walk-up in the heart of the historic South Park neighborhood. Built in the 1930s, this well-maintained property features six rent-stabilized apartments and two free-market apartments, offering an excellent balance of stable income and future growth potential. Each spacious apartment includes two bedrooms, a living room, dining room, kitchen, and full bath, with the fourth-floor apartment boasting beautiful city views. Building improvements include a 4-year-old roof, a new boiler, updated electrical system, double-pane windows, an Energy Star furnace and water heater, a programmable thermostat, and a full basement with Bilco doors. Conveniently located near schools, shopping, restaurants, parks, and public transportation, this is an outstanding opportunity for investors seeking steady cash flow and long-term appreciation. Ideal for a 1031 Exchange buyer or anyone looking to expand their investment portfolio with a solid Brooklyn multifamily asset in a highly desirable location.

Contacts

Location

Located at 344 21st, Brooklyn, NY 11215, this property is part of the Greenwood Heights neighborhood and Brooklyn market.

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