Ad #7807622
MLS #499360
Turnkey multifamily investment - 281 23rd Street is a
281 23rd St, Brooklyn, NY 11215
$1,849,999
--Beds
12Baths
8,493Sqft
0.06Acres
About this property
Turnkey multifamily investment - 281 23rd Street is a beautifully-maintained masonry pre-war building spanning approximately 8,492 square feet above-grade. The building hosts 12 apartments, eight of which are configured as 2 BR, while the remaining four are 1 BR. The building is being offered for sale for the first time in almost 40 years. Current ownership has taken long-term care of the property, offering new ownership a turn-key cash flowing asset. Core asset with stable cash flow and future upside - All apartments are rent-stabilized and leased. The asset currently generates over $270,000 gross annually. Average AGI/NSF is $34.61, equating to an average monthly rent of $1837 per apartment, this is approximately 75% of market rents of comparable rentals in area. This allows future investors to take advantage of immediate rental income on day one with virtually no work, while retaining substantial long-term upside as units are brought to market rate over time. Ideal location with multiple amenities - R subway station at the 25th Street station & the Prospect Avenue station (D, N, R, W trains). There are several markets, banks and convenience stores along with dozens of cafes and restaurants in the immediate area along 5th Avenue retail corridor. The location provides straight forward commutes to Manhattan and Brooklyn via these lines. Ideally positioned for quick access to the major highway interchange of I-278 (Gowanus Expressway) and NY-27 (Prospect Expressway).
Property Features
0 Beds
12 Baths
8,493 Sqft
Built in 1931
0.06 Acres
4 Stories
Siding: Brick
Asphalt, Flat Roof
$64,651 / yr property tax
Kings County
Additional Photos
Contact Information
Austin Wong
Revived Residential
929-379-3750
Location
Listing Agent: Austin Wong 929-379-3750
Broker: Revived Residential 929-379-3750 Listing Site
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.
Broker: Revived Residential 929-379-3750 Listing Site
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.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,849,999
--
Beds
12
Baths
8,493
Sqft
281 23rd St, Brooklyn, NY 11215
By contacting this agent you agree to these Terms and Conditions.
MLS# 499360
Turnkey multifamily investment - 281 23rd Street is a
$1,849,999
281 23rd St, Brooklyn, NY 11215
--
Beds
12
Baths
8,493
Sqft
0.06
Acres
$1,849,999
281 23rd St, Brooklyn, NY 11215
-- Beds
12 Baths
8,493 Sqft
0.06 Acres
Turnkey multifamily investment - 281 23rd Street is a beautifully-maintained masonry pre-war building spanning approximately 8,492 square feet above-grade. The building hosts 12 apartments, eight of which are configured as 2 BR, while the remaining four are 1 BR. The building is being offered for sale for the first time in almost 40 years. Current ownership has taken long-term care of the property, offering new ownership a turn-key cash flowing asset. Core asset with stable cash flow and future upside - All apartments are rent-stabilized and leased. The asset currently generates over $270,000 gross annually. Average AGI/NSF is $34.61, equating to an average monthly rent of $1837 per apartment, this is approximately 75% of market rents of comparable rentals in area. This allows future investors to take advantage of immediate rental income on day one with virtually no work, while retaining substantial long-term upside as units are brought to market rate over time. Ideal location with multiple amenities - R subway station at the 25th Street station & the Prospect Avenue station (D, N, R, W trains). There are several markets, banks and convenience stores along with dozens of cafes and restaurants in the immediate area along 5th Avenue retail corridor. The location provides straight forward commutes to Manhattan and Brooklyn via these lines. Ideally positioned for quick access to the major highway interchange of I-278 (Gowanus Expressway) and NY-27 (Prospect Expressway).
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Property Details
HOME DETAILS
0 Beds
12 Baths
8,493 Sqft
Built in 1931
0.06 Acres
4 Stories
EXTERIOR
Siding: Brick
Asphalt, Flat Roof
FINANCIAL & COMMUNITY
$64,651 / yr property tax
Kings County
See More Details
Location
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Ad Statistics
Ad Number
7807622
Viewed
43 times
Listing Status
Active
Added
Jun 22, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
499360
Listing Agent: Austin Wong 929-379-3750
Broker: Revived Residential 929-379-3750 Listing Site
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.
Broker: Revived Residential 929-379-3750 Listing Site
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.
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