236 E 28th St

Sieze the opportunity to own a prime multifamily property in the vibrant and upcoming neighborhood of Flatbush, Brooklyn. This 22-unit apartment building offers a stable and lucrative investment, boasting a blend of primarily one-bedroom units, and four 2bedroom units. The apartments are large with ample closets in each room and restored hardwood floors, ensuring high tenant satisfaction and low vacancy rates. 236 East 28th St is well maintained in good condition with no repairs needed and no outstanding violations. The building is currently 95% occupied and affords the following key investment benefits.

The stability and demand of  Multifamily properties, like this one, prove to be very resilient during economic downturns. Recessions often lead to increased renting as individuals and families opt for renting over homeownership, ensuring a steady demand for rental units. Located in the central area of Flatbush Brooklyn, residents are just five minutes from the newly renovated Kings Theatre. Brooklyn’s main cultural attractions - the Brooklyn Museum, Prospect Park and The Brooklyn Botanic Garden are a short bike ride or 10 minutes away by subway.  Historically, multifamily real estate has outperformed other asset classes during economic slowdowns.  236 East 28th Street has had consistent occupancy rates during past recessions highlighting its dependable income potential.

Multifamily properties such as this can swiftly adapt to economic fluctuations. This building has a tremendous financial upside which makes it perfect for long-term investors. Many of the units are currently below their legally regulated rent providing the opportunity to increase the buildings profitability relatively quickly.

Located just one block away from the #5 and #2 express trains, it takes approximately 25 minutes to travel to and from Manhattan. Full amenities are provided on nearby Flatbush Avenue and there are many new developments in the area. Invest in this 22-unit gem in Flatbush and benefit from the enduring stability and profitability of multifamily real estate. Contact us today to schedule a viewing and take the first step towards securing a robust and reliable addition to your investment portfolio.