236 East 28th Street

Seize the opportunity to own a prime multifamily property in the vibrant Flatbush neighborhood of Brooklyn. This 22-unit apartment building offers a blend of one-bedroom units and four two-bedroom units. The spacious apartments feature ample closets and restored hardwood floors, ensuring high tenant satisfaction and low vacancy rates. The building is well-maintained with no repairs needed and no outstanding violations. Currently 95% occupied, it offers the following key investment benefits. Multifamily properties, like this one, prove to be very resilient during economic downturns, with increased demand for renting over homeownership. Situated centrally in Flatbush, residents are just five minutes from Kings Theatre and close to Brooklyn's main attractions like the Brooklyn Museum, Prospect Park, and the Brooklyn Botanic Garden, all accessible by a short bike ride or a minute subway ride. Historically, multifamily real estate outperforms other asset classes during economic slowdowns. This building has had consistent occupancy rates during past recessions, highlighting its dependable income potential. With units currently below legally regulated rent, there's potential to quickly increase profitability. Located minutes away from the #5 and #2 express trains, it takes approximately minutes to travel to and from Manhattan. Full amenities are available 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 secure a robust addition to your investment portfolio.