Refine Search
Sort by
$3,500,000
12 Beds 7 Baths 1028547 MLS
**Prime Greenpoint 6-Family Investment Opportunity** An OPPORTUNITY to acquire a Mostly Renovated Six-Family Frame building in the HEART of Greenpoint, Brooklyn, one of New York City's most desirable and consistently appreciating neighborhoods. Lovingly owned and cared for by the SAME FAMILY for over 40 years, this is the FIRST time in decades that this exceptional asset has been offered for sale. The pride of ownership is evident throughout, making it a rare opportunity to acquire a building that has been meticulously maintained over generations. Built in 1931, this 3-story multifamily building sits on a 25' x 100' lot with a 25' x 60' building footprint, offering a solid investment with strong in-place income and future upside. Zoned R6B, the property is ideally positioned in one of Brooklyn's most sought-after residential neighborhoods. Currently generating $183,600 in annual gross rental income, the building has been extensively improved, with 5 of the 6 apartments Renovated, reducing immediate capital expenditures while enhancing tenant appeal. Even more attractive for investors, 3 of the 6 apartments are DEREGULATED *(becomes deregulated upon vacancy), providing immediate and long-term rental growth potential. The property also features a Full Basement with Tall Ceilings, offering Excellent Storage future possibilities (subject to applicable approvals). Annual real estate taxes are an attractive $13,608.16, contributing to a favorable operating profile. Perfectly situated on a quiet, tree-lined street just moments from Manhattan Avenue, McGolrick Park, McCarren Park, renowned restaurants, cafes, boutique shopping, and convenient G Train access, the property continues to benefit from Greenpoint's exceptional rental demand and enduring appreciation. Investment Highlights: **First time offered in over 40 years** Same family ownership for over four decades! -6-Family Frame Building -Built: 1931 -3 Stories -Building Size: 25' x 60' -Lot Size: 25' x 100' -Zoning: R6B -Annual Gross Income: $183,600 -Annual Property Taxes: $13,608.16 -5 of 6 Apartments Renovated -3 Deregulated Units -Full Basement with Tall Ceilings -Excellent current cash flow with significant long-term upside -Located in one of Brooklyn's most desirable and resilient rental markets Opportunities like this are increasingly rare. Combining decades of attentive ownership, strong existing income, renovated apartments, deregulated units, and a premier Greenpoint location, 168 Russell Street represents a true legacy investment for the next generation of ownership.

168 Russell Street, Brooklyn

$899,000
2 Beds 2 Baths 1028980 MLS
Envision a residence where morning light streams through floor to ceiling windows and a private balcony opens onto tranquil backyard views. Welcome to Arbor Condominium, Kensington's most distinguished new address and the last tax abated building in South Brooklyn. Residence 7C is a refined two-bedroom, two-bath home in which East-facing exposures illuminate an open living and dining space anchored by a thoughtfully designed L-shaped kitchen. The bedrooms are positioned at opposite ends of the residence to ensure exceptional privacy, and the primary suite is complemented by its own en-suite bath. Every element has been executed with care: Ferrero Lengo Italian pre-finished doors, Daikin climate control, and Vallelunga Italian porcelain floors with radiant heat that provide warmth throughout the cooler months, along with the everyday convenience of an in-unit washer/dryer. The kitchen is a study in craftsmanship, appointed with Calacatta quartz countertops and backsplash, soft close Copatlife custom Italian cabinetry, and a paneled Samsung and Beko appliance package, while the spa-inspired baths offer rain showers, LED lit mirrors, and generous 32-inch soaking tubs. Of particular distinction, this sale includes a private cabana, an exclusive personal retreat on the building's amenity level that is rarely offered to the market. It is a distinguished amenity that sets Residence 7C apart and confers lasting lifestyle value and resale appeal that few residences in the building can claim. Beyond the home, a remarkable rooftop presents sweeping views of the Brooklyn and Manhattan skylines, complemented by lounge and picnic areas, a BBQ grill and kitchenette, a fully equipped fitness center, and the elegant Arbor lounge and co-working space that connects seamlessly to the Ocean Parkway Malls. With its exceptional finishes, comprehensive amenities, and a valuable 421A tax abatement that keeps monthly taxes at just $25.00 through 2034, 733 Ocean Parkway represents a rare opportunity for end users, gifting, parents purchasing for children, or a 1031 exchange, and it is investor friendly, sublet friendly, and pet friendly. With monthly maintenance of only $475.86, the cost of ownership is as compelling as the residence itself. A home of this caliber, with a private cabana included, is an opportunity that seldom presents itself. All measurements are approximate. Images are renders that were virtually staged. Pictures represent various layouts. The complete offering terms are set forth in an offering plan available from File No: CD21-0132.

733 Ocean Parkway Unit #7C, Brooklyn

$2,000,000
1028799 MLS
Welcome to 695 Saint Johns Place, a classic Brooklyn townhouse located on a beautiful tree-lined block in the heart of Crown Heights, near the Prospect Park and Prospect Lefferts Gardens corridor. This two-family residence offers the rare combination of historic Brooklyn character, generous space, outdoor living, and incredible long-term upside. With its charming facade, spacious layout, finished basement with walkout access, and private yard, this property is ideal for an end user, investor, or buyer looking to create a customized townhouse in one of Brooklyn’s most desirable neighborhoods. Whether envisioned as an owner’s duplex with rental income, a full investment property, or a grand single-family conversion, the possibilities are tremendous. The home offers substantial interior square footage, multiple living areas, and the kind of architectural presence buyers seek in classic Brooklyn townhouse living. The finished basement adds valuable usable space, with direct access to the yard, creating excellent flexibility for recreation, storage, work-from-home use, or extended living possibilities. Perfectly situated near neighborhood cafes, restaurants, shops, parks, schools, and transportation, 695 Saint Johns Place places you in close proximity to some of Brooklyn’s most vibrant destinations while still offering the feel of a residential townhouse block. A rare opportunity to own a Brooklyn two-family townhouse with character, scale, outdoor space, and upside in a highly sought-after location. Delivered with tremendous potential — this is the one buyers have been waiting for.

695 Saint Johns Place, Brooklyn

$849,990
4 Beds 2 Baths 1028752 MLS
Welcome to this beautifully gut-renovated semi-detached two-family home. This stunning property offers the perfect blend of modern upgrades, a smart layout, and unbeatable convenience. 1st floor has 2 bedrooms, a full bathroom and kitchen 2nd floor has 2 bedrooms, a full bathroom and Kitchen. Basement is open fully completed with separate entrance Ideal for owner-occupants or investors seeking excellent rental income potential. Large windows throughout fill the home with natural light, creating a bright and welcoming atmosphere. Every detail has been thoughtfully updated, including brand-new hardwood flooring, premium brand-name appliances, new windows and doors, a new roof, and a new boiler, providing true move-in-ready living. The fully finished basement, complete with a separate outside entrance, offers additional flexible space for recreation, storage, a home office, or extended living. Conveniently located, this home is just minutes from New York City public transportation, major roadways, shopping centers, supermarkets, restaurants, schools, and houses of worship. This is a rare opportunity to own a fully renovated, income-producing property in one of Brooklyn's most convenient and rapidly growing neighborhoods.

791 Logan Street, Brooklyn

$100,000
1028315 MLS
Established head spa and wellness salon business for sale in Brooklyn. Located on busy 7th Avenue with a first-floor street-level storefront, this business benefits from strong visibility, steady foot traffic, and convenient access in a mature commercial corridor. The space is approximately 1,200 SF and is fully built out with a hair salon area, eyebrow/beauty service setup, 2 massage rooms, 6 electric massage shampoo beds, 2 pedicure chairs, and multiple beauty machines and equipment. All existing equipment, fixtures, and business assets are included in the sale. The salon features quality interior renovation and is offered as a turnkey opportunity for a new owner to continue operations immediately. Monthly rent is approximately $6,800, including property tax. Current lease expires in 2027, with renewal opportunity available. Monthly gross sales are approximately $30,000–$40,000. Great opportunity for an owner-operator or beauty/wellness business investor seeking a fully equipped storefront in a high-traffic Brooklyn location. Showings by appointment only. Buyer to verify all information independently.

Brooklyn

$200,000
2 Beds 1 Baths 1027589 MLS
Welcome to 2190 Brigham Street, Apt. 4B, a bright and spacious two-bedroom co-op located on a charming, tree-lined street in the heart of Sheepshead Bay. Featuring original hardwood floors, high ceilings, and a versatile layout, this apartment offers the perfect opportunity to renovate and create a home that reflects your personal style. The well-maintained building offers an on-site superintendent, laundry facilities, and garage parking by waitlist. Monthly maintenance is approximately $1,173 and includes natural gas, electricity, heat, water, trash removal, and building upkeep. Eligible buyers may also qualify for the STAR rebate and other tax abatements. Conveniently located near Marine Park, the Emmons Avenue waterfront, Kings Plaza, schools, libraries, supermarkets, playgrounds, and the B and Q subway lines. The apartment is being sold as-is; the dishwasher is not operational and requires replacement. Bring your vision and transform this spacious Brooklyn apartment into your ideal home.

2190 Brigham Street Unit #4B, Brooklyn

$245,000
2 Beds 1 Baths 1028320 MLS
Welcome to 2270 Plumb 1st Street, a wonderful opportunity to own in Brooklyn! This beautifully maintained 2-bedroom, 1-bath apartment offers the perfect combination of comfort, space, and value. From the moment you enter, you’ll appreciate the pride of ownership and the home’s inviting atmosphere. The standout feature is the extra-large eat-in kitchen, offering abundant cabinet and counter space. The apartment also features a spacious living area, two well-proportioned bedrooms with ample closet space, and a tastefully maintained bathroom. Whether you’re a first-time buyer or downsizing, this move-in-ready home is an exceptional opportunity. Conveniently located near shopping, dining, parks, schools, and public transportation, it offers the best of comfortable Brooklyn living.

2270 Plumb 1st Street Unit #1D, Brooklyn

$299,000
2 Beds 1 Baths 1028667 MLS
Bring your vision to this rare opportunity to own an affordable 2-bedroom railroad-style HDFC co-op in the heart of Bushwick. Located just one block from the Jefferson Street L train, enjoy an easy 20-minute commute to Manhattan and immediate access to the neighborhood's renowned cafés, restaurants, bars, galleries, and local hotspots. This home features high ceilings, hardwood floors, an in-unit washer and dryer, a windowed bathroom, and abundant natural light. Small pets are welcome, subletting is permitted (subject to building rules), and up to 80% financing is allowed. HDFC income restrictions apply. A fantastic opportunity to own an affordable home in one of Brooklyn's most sought-after neighborhoods.

28 St Nicholas Avenue Unit #2L, Brooklyn

$2,200,000
10 Beds 4 Baths 1028426 MLS
Prime Bath Beach 4-Family Semi-Detached Brick Home Excellent investment or end-user opportunity in the heart of Bath Beach! This semi-detached brick 4-family property measures 20’ x 78’ and features three spacious 3-bedroom, 1bath apartments and one 1-bedroom, 1-bath apartment. The home also offers a full finished basement with a separate front entrance, providing additional usable space. Conveniently located close to public transportation, including just a 10minute walk to the D train subway station. Enjoy easy access to 86th Street’s shopping district, featuring supermarkets, banks, restaurants, and other neighborhood conveniences. The property is also half a block from the 62nd Police Precinct. The property will be delivered fully vacant at closing, making it ideal for both investors and owner-occupants.

183 Bay 22nd Street, Brooklyn

$799,000
3 Beds 2 Baths 1014188 MLS
9 Adler Place, Cypress Hills – Refined Brick Townhouse with Modern Upgrades & Private Parking Discover timeless Brooklyn charm paired with contemporary upgrades at 9 Adler Place, a meticulously maintained brick townhouse set on a quiet, residential block in the heart of Cypress Hills. This elegant 3-bedroom, 2-bath residence offers gracious living spaces, refined finishes, and a thoughtful layout ideal for both everyday living and stylish entertaining. The sun-filled living room flows seamlessly into a formal dining area accented by classic hardwood floors, creating an inviting atmosphere for gatherings and special occasions. The spacious eat-in kitchen offers comfort, functionality, and ample room to dine, cook, and connect. The fully finished basement, featuring two private entrances, provides exceptional flexibility, perfect for a media lounge, guest suite, home office, or additional living space. A newly poured concrete walkway enhances both curb appeal and convenience. In 2024, the home underwent a series of premium upgrades, including a brand-new roof, a beautifully renovated bathroom, two skylights for enhanced natural light, a new concrete driveway, elegant brick stoops, sleek PVC fencing, a steel basement door, and a rear awning delivering both style and peace of mind. Enjoy the rare luxury of private off-street parking via the rear driveway, a coveted feature in New York City. Just one block from the Crescent Avenue J/Z subway station and moments from Jamaica Avenue, Fulton Street, and Atlantic Avenue, this residence offers effortless access to world-class shopping, dining, and transportation. Move-in ready and impeccably updated, 9 Adler Place presents a unique opportunity to own a refined townhouse in one of Brooklyn’s most dynamic and connected neighborhoods.

9 Adler Place, Brooklyn

$1,247,000
9 Beds 4 Baths 1027310 MLS
Exceptional income-producing opportunity in Brooklyn! This legal brick three-family property combines strong cash flow, a versatile layout, and a convenient location, making it an excellent choice for both investors and owner-occupants. This three-story property features three spacious 3-bedroom apartments, along with a full finished basement that offers valuable bonus space. The apartments have been updated, and the property features new electrical upgrades, providing modern improvements already in place. Currently generating gross rental income of $141,552 per year, this property presents an outstanding investment opportunity. Tenants pay their own electric and cooking gas. Conveniently located near the Grant Avenue A train station, as well as the Q8 and Q112 bus lines, commuting throughout Brooklyn, Queens, and Manhattan is simple. Enjoy close proximity to parks, shopping, supermarkets, restaurants, schools, and everyday conveniences. Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income, this versatile Brooklyn property offers an exceptional opportunity.

1156 Glenmore Avenue, Brooklyn

$450,000
1 Beds 1 Baths 1027100 MLS
Experience timeless Brooklyn charm with modern city convenience in this sun-drenched corner residence at the iconic China Mansion—one of DUMBO and Vinegar Hill's most treasured prewar cooperative buildings. Originally built in 1902, this exceptional home offers the rare opportunity to own a piece of Brooklyn's rich architectural history while enjoying one of the borough's most sought-after waterfront neighborhoods. Bathed in natural light from oversized windows on two exposures, this bright and inviting corner home creates a warm, uplifting atmosphere throughout the day. Every room feels open, airy, and welcoming, making it the perfect place to relax, entertain, or simply enjoy the beauty of changing daylight. 1 bedroom but lives like a 3 bedroom, 1 bath. Residents enjoy the convenience of a well-maintained elevator building with on-site laundry, combining historic character with everyday practicality. The location is nothing short of exceptional. Stroll through the charming cobblestone streets of DUMBO, unwind along the breathtaking waterfront at Brooklyn Bridge Park, or indulge in the neighborhood's celebrated restaurants, cafes, boutiques, and art galleries—all just moments from your front door. Commuting couldn't be easier with the F and A subway lines nearby, plus effortless access to the Manhattan and Brooklyn Bridges and the BQE, making travel throughout New York City remarkably convenient. Everyday essentials are equally close, with Wegmans at the Brooklyn Navy Yard just a short walk away. Whether you're searching for your primary residence or a home filled with lasting character in an unbeatable Brooklyn location, this is a truly rare offering that blends history, lifestyle, and convenience into one unforgettable opportunity. Don't miss your chance to own a distinctive corner home in one of Brooklyn's most iconic prewar cooperatives—opportunities like this are few and far between.

167 Sands Street Unit #406, Brooklyn

$719,000
3 Beds 3 Baths 1028333 MLS
Welcome to 903 E. 45th Street, Brooklyn! This fully renovated single-family home has been thoughtfully updated from top to bottom and is ready for its next owner. Featuring 3 spacious bedrooms, 2.5 beautifully renovated bathrooms, and a fully finished basement, this home offers modern style and functional living throughout. Enjoy gleaming hardwood floors, a brand-new kitchen with stainless steel appliances, new windows, new interior and exterior doors, beautifully updated bathrooms, and laundry hookups already in place. A shared driveway provides convenient parking, while the home's prime Brooklyn location offers easy access to schools, neighborhood shops, restaurants, public transportation, and major highways. Whether you're looking for your first home or your next move, this turnkey property offers the perfect combination of quality renovations, convenience, and comfort. Just unpack and enjoy! Virtual AI staging has been used in select photos. The property is vacant, and all furniture and décor shown are for visualization purposes only.

903 E 45th Street, Brooklyn

$2,450,000
7 Beds 4 Baths 1023847 MLS
Welcome to a fantastic, income-generating multi-family property in the heart of highly sought-after Kensington, Brooklyn! This solid brick four-family home offers the ultimate flexibility: keep it as a fully cash-flowing addition to your portfolio, or move into the vacant unit and let the other tenants pay your mortgage. The Residences Unit #1 (Front - 2 BR / 1 BA | 940 Sq. Ft.): DELIVERED VACANT! Perfect for an owner-occupant or a high-rent lease. Freshly updated and painted. Unit #2 (Rear - 1 BR / 1 BA | 620 Sq. Ft.): Cozy layout with wood flooring, currently occupied. Unit #3 (Front - 2 BR / 1 BA | 780 Sq. Ft.): Jan 2025 Updated kitchen & full bath, wood flooring. Unit #4 (Rear - 2 BR / 1 BA | 780 Sq. Ft.): Updated kitchen & full bath, wood flooring, new lighting, new electric panel and spray foam insulation. Key Capital Improvements: Brand New Roof (2024): Newly installed on both the main house and the detached garages, Exterior brick repointed, Fresh Paint: Freshly painted brick exterior on north side of the house, New hot 75 gallon hot water heater (2026). Passive Income: includes a detached 3-bay garage structure. Currently rented to a long-term tenant. Can be delivered vacant. Massive Basement features a large storage area and a separate utility/mechanical area—perfect for tenant storage or property management use. Situated on a quiet residential block in Kensington, you are just moments away from local cafes, diverse dining, shopping, and excellent transit options (F & G trains) for a quick, seamless commute into Manhattan or other parts of Brooklyn. An incredible asset with massive appreciation potential, and major capital improvements already complete. Schedule your tour today!

618 E 2nd Street, Brooklyn

$215,000
1 Beds 1 Baths 1028157 MLS
Welcome to this spacious and timeless one-bedroom residence, offering a comfortable and peaceful place to call home. The apartment features a generous walk-in coat closet, a bright eat-in kitchen with a window, and stainless steel appliances. Enjoy the convenience of nearby parks, nature preserves, supermarkets, salons, and a variety of popular dining options. Laundry facilities are conveniently located in the basement, with additional amenities including a bike room, storage available for $8/month, and access to a fitness center located in one of the buildings for $35/month. Monthly maintenance is $1,075 and includes water, gas, and electricity. Parking is available for $110/month, subject to availability with an approximately 7-year waitlist. No pets permitted. Board approval required. A wonderful opportunity to create a warm and inviting home in a convenient location.

3105 Avenue V Unit #5A, Brooklyn

$730,000
3 Beds 3 Baths 1027990 MLS
Welcome to 1536 East 51st Street, a beautifully maintained 3-bedroom, 2.5-bath home nestled in the desirable Flatlands neighborhood of Brooklyn. Designed with both comfort and functionality in mind, this inviting residence features a bright, open-concept layout that seamlessly connects the living room and kitchen, creating the perfect setting for everyday living and entertaining. Recent updates include a brand-new roof installed in September 2025, complete with a 15-year warranty for added peace of mind. The full finished basement offers exceptional versatility with a separate entrance, a gas hookup for a potential kitchen, and a washer and dryer that will remain with the home. A detached garage provides convenient parking and additional storage. Ideally located, this home is just moments from local shopping, restaurants, grocery stores, neighborhood parks, schools, and public transportation, making daily errands and commuting a breeze. The Flatlands neighborhood is known for its tree-lined streets, established community feel, and easy access to everything Brooklyn has to offer. Whether you're looking for your next home or an opportunity with flexible living space, 1536 East 51st Street offers the perfect blend of comfort, convenience, and value. Don't miss your chance to make this exceptional property your own!

1536 E 51st Street, Brooklyn

$750,000
3 Beds 2 Baths 1027890 MLS
Indulge in the epitome of luxury living in this exquisite 3-bedroom, 3-bathroom duplex condo offering approximately 1,605 sq ft of beautifully designed living space in the heart of Bath Beach. This impressive residence is a true testament to comfort, elegance, and modern living. Enter inside to discover gleaming hardwood floors throughout and a thoughtfully designed split-bedroom layout that creates both privacy and harmony. The spacious primary suite features a relaxing Jacuzzi tub and ample room for your ideal bedroom furnishings—your perfect retreat after a long day. The interior boasts a custom kitchen with granite countertops, central A/C and heating for year-round comfort, and the convenience of an in-unit washer and dryer. Enjoy roof access, ideal for morning coffee, sunset views, or entertaining guests during golden hour. Located in a highly desirable neighborhood, this pet-friendly building offers exceptional access to shopping, dining, playgrounds, and top-rated schools—conveniently located directly across the street. Don’t miss this rare opportunity to own a stunning penthouse-style condo that seamlessly blends sophistication, comfort, and location. Schedule your private showing today and make this extraordinary Bath Beach residence your new home.

1830 Bath Avenue Unit #102, Brooklyn

$1,650,000
1027885 MLS
"Discover the allure of this expansive large 4-family, 4-story building boasting a finished basement, nestled in the heart of the highly sought-after sunset park -Boro Park. Situated conveniently close to the vibrant 8th Ave and Fort Hamilton Pkwy, and mere steps from the D-train, with easy access to Manhattan, this property epitomizes convenience. Whether you're an investor seeking an impressive rent-roll opportunity, an end-user looking to capitalize on rental income, or a builder/developer eyeing the potential of R6, C2-3 zoning, this property offers endless possibilities. Embrace the essence of prime real estate in one of Brooklyn's most coveted locales.Don't miss your chance to seize this prime piece of Boro Park's real estate landscape."

4019 10th Avenue, Brooklyn

$1,299,999
1027884 MLS
Presenting an exceptional investment opportunity, a distinguished six-family residence nestled in the vibrant Sunset Park neighborhood of Brooklyn. This rent-stabilized property offers a compelling investment opportunity, boasting a current capitalization rate of 5.7%, with projections indicating potential growth to 6.5% or higher. Constructed in 1931, this multi-family home encompasses approximately 4,551 square feet of living space on a 2,000 square foot lot. Its prime location places it amidst a plethora of retail stores, diverse shops, and a variety of restaurants along 4th, 5th, and 8th Avenues, providing residents with unparalleled convenience. The property is strategically situated just minutes from multiple [R & N] subway stations and bus stops, facilitating an effortless commute to Manhattan and other key areas. Additionally, the zoning districts R7A and C2-4, with a Floor Area Ratio (FAR) of 4, offer significant commercial conversion possibilities, presenting avenues for value addition and diversification. Sunset Park is renowned for its rich cultural tapestry and dynamic community atmosphere. The neighborhood's namesake park provides ample green space and recreational facilities, contributing to a lively atmosphere and strong sense of community. This property not only promises stable income through its current rent-stabilized units but also offers substantial upside potential through strategic enhancements and leveraging its prime location. Seize this rare opportunity to invest in a property that combines immediate financial benefits with promising future prospects in one of Brooklyn's most sought-after neighborhoods.

5411 4th Avenue, Brooklyn

$799,999
3 Beds 2 Baths 1027716 MLS
An exceptional investment and owner-occupant opportunity, this newly constructed two-family home offers modern living with immediate rental income. The second-floor one-bedroom apartment generates $2,310 per month through a voucher program, providing reliable cash flow from day one, while the vacant first-floor two-bedroom apartment is ready for immediate occupancy. Property Features: >Newly constructed 2-family home >Income-producing property with $2,310/month in rental income >Vacant 2-bedroom first-floor apartment >Bright open-concept living room and kitchen >Private concrete driveway with off-street parking >Large backyard, ideal for entertaining or relaxing >Located in Brooklyn Community School District 18 >Conveniently located near two of District 18's well-regarded schools: P.S. 276 Louis Marshall School and I.S. 285 Meyer Levin Middle School >Full finished basement to be completed by the seller prior to closing >Ideal for both homeowners and investors Conveniently located near shopping, parks, restaurants, and public transportation, this turnkey property offers an excellent opportunity to live in one unit while generating rental income from the other or expand your investment portfolio.

8906 Avenue L, Brooklyn

$2,495,000
1027429 MLS
Property DescriptionPrime Mixed-Use Investment Opportunity in Brooklyn – High Upside PortfolioSeize the opportunity to acquire a versatile, high-income-producing mixed-use portfolio located at 167 Forbell Street (encompassing 17, 19, and 21 101st Avenue) in a rapidly developing pocket of Brooklyn. This multi-structure asset spans a total of 5,321 square feet, offering an exceptional blend of immediate cash flow, stable long-term tenancies, and monumental value-add potential. The property features two massive, identically configured residential layouts on the second and third floors, currently occupied on a month-to-month basis with no active leases—providing a rare, immediate operational runway to reposition the units to market rents of $3,000 per month each. The expansive first-floor commercial space at 167 Forbell Street features a prominent 22’ x 54’ layout with a high-traffic footprint, presenting a prime vacancy ready to be stabilized at a projected $6,500 per month. The accompanying 101st Avenue street-front commercial units offer excellent diversification. Units 17 and 21 feature corporate stability with active leases secured through October 31, 2028, while unit 19 sits vacant, allowing an investor to immediately place a tenant at a projected market rate of $2,500 per month.While the property currently operates at a conservative baseline, a savvy investor can execute a swift stabilization strategy to transition the asset into a high-yielding powerhouse, unlocking a projected 7.30% Pro Forma Cap Rate and a Net Operating Income (NOI) of $182,164.Location & HighlightsValue-Add & Immediate Rental Upside: Built-in growth via month-to-month residential tenancies and two vacant commercial spaces, allowing an investor to instantly boost cash flow without long structural delays.Significant Expense Reduction Potential: The building offers a clear path to slash operating expenses; an investor can easily install energy-efficient mini-split systems with heat pumps in the rental units and decommission the existing oil boiler, completely eliminating the $12,000 annual oil bill and shifting heating costs via submetering.Exceptional Connectivity: Strategically located steps away from major transit options, ensuring seamless commutes into Manhattan, Queens, and deeper Brooklyn for both residential and commercial occupants.High-Visibility Corner Footprint: Positioned with excellent street frontage along 101st Avenue and Forbell Street, guaranteeing maximum exposure, foot traffic, and signage opportunities for commercial tenants. Diverse Revenue Streams: The combination of residential apartments and multiple retail/office commercial spaces insulates the investor from vacancy risks and taps into two strong tenant demand pools. Functional Footprint: Includes robust accessory spaces, including dedicated basement office, storage, and utility areas that maximize the usability and efficiency of the commercial square footage.

167 Forbell Street, Brooklyn

$1,330,000
1027678 MLS
Exceptional Two-Family Home (with conversion potential) in Desirable Northern Bay Ridge. This distinguished two-family residence at 233 Bay Ridge Avenue offers an outstanding investment or owner-occupancy opportunity in one of Brooklyn's most sought-after neighborhoods with significant development potential. The building comprises two spacious apartments, each offering approximately 1,000 square feet of thoughtfully designed living space. One unit is delivered vacant, providing flexibility for immediate owner occupancy or tenant placement. Each apartment features two generous bedrooms plus a versatile bonus room, well-appointed kitchens with granite-topped islands, abundant storage solutions, and full-size appliances. The property includes an additional asset of an above-grade basement that may present conversion opportunities under recent New York City zoning modifications, City's Local Law 126/127 Pilot Program, regarding residential space development. This feature could enhance property value and income potential through potential legal conversion into additional residential space. Prospective buyers should engage qualified architects and verify compliance with all local zoning requirements with the Department of Buildings before considering any basement conversion projects. Located in the prime section of Northern Bay Ridge, residents enjoy proximity to Owl's Head Park and Shore Road Park, offering waterfront recreation and harbor views. The vibrant community provides excellent dining options, convenient shopping one block away, and dog park facilities. The R train station at Bay Ridge Avenue ensures effortless Manhattan connectivity. This intimate two-family home combines rental income potential with neighborhood charm, making it an exceptional acquisition for investors or owner-operators seeking Bay Ridge's established community appeal. Schedule your viewing today.

233 Bay Ridge Avenue, Brooklyn

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.