Marcus & Millichap - Tri Borough Multi-Family

370 East 23rd Street

370 East 23rd Street
, Brooklyn
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Price: $4,000,000
Building Size: 23,200 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Property Status: Sold

Marcus & Millichap is pleased to offer 370 E 23rd St, located between Avenue D and Vanderveer Place in the Flatbush-Ditmas Park section of Brooklyn. The subject property is a four-story residential building that consists of 20 units, one 1-bedroom apartment, seventeen two-bedroom apartments, and two three-bedroom apartments. The property is built 80 ft x 70 ft and sits on a 83.67 ft x 75.75 ft lot with approximately 23,200 gross square feet. The property is zoned R7A/C2-4 (Block: 5188, Lot: 55)

This property offers investors the opportunity to capitalize on the strong residential market occurring in the Flatbush section of Brooklyn, New York.

Investment Highlights:

  • Apartment Building in Prime Flatbush-Ditmas Park Section of Brooklyn
  • Short Subway Ride to Manhattan – Close Proximity to Subway Lines “Q”, “2”, & “5”
  • Attractive Unit Mix, Low Average Apartment Rent
  • New Gas Boiler
  • Located Steps away from Flatbush Avenue Corridor
  • Building in Good Condition