Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Property Details
- Property Type Multi-Family
- Property Size 88,000 SF
- Units 96
- Lot Size 0.55 Acre
- Cap Rate % 7.85
- Taxes / YR $319,294.00
- Year Built 1963
- Date Updated Jul 27, 2026
Investment Highlights
• A prominent six-story, elevator-serviced apartment building spanning approximately 88,000 gross square feet
• The property features a highly desirable amenity package, including a live-in superintendent, on-premises porter, parttime doorman, laundry room, package room, parking garage, inground swimming pool, and private outdoor terraces
• Strong in-place cash flow of $2,360,000 gross annual income, with future upside of $472,331 to be realized over time through recapture of preferential rents
• Features a diverse unit mix totaling 96 units comprised of (20) Studios, (39) 1-bedrooms and (37) 2-bedrooms
• Situated in Ditmas Park, the property is a 5-minute walk to the Cortelyou Road subway station (Q line) and within short walking distance to the Newkirk Avenue station (B/Q lines)
• Located just minutes from the iconic Prospect Park and Brooklyn Botanic Garden. Close proximity to local dining and nightlife along Cortelyou Road including Cafe Madeline and Sycamore Bar & Flower Shop
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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94/100
Walk Score ®
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98/100
Transit Score ®
-
90/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Ditmas Park
- Zip Code 11218
- Market Brooklyn
Points of Interest
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Cortelyou Road
0.25 miles
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Juniors Car Service
0.27 miles
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Mex Cabs
0.34 miles
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Beverley Road
0.41 miles
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Avenue H
0.71 miles
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Church Ave Express Car Service
0.71 miles
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Church Ave
0.72 miles
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Fort Hamilton Parkway
0.96 miles
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Avenue J
0.99 miles
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Flatbush Avenue–Brooklyn College
1.11 miles
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BP
0.12 miles
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Speedway
0.26 miles
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Citgo
0.35 miles
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Shell
0.41 miles
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Allegiance
0.69 miles
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Mobil
0.73 miles
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Sunoco
0.77 miles
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EVgo
1.35 miles
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FLO
2.18 miles
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Tesla Supercharger
2.19 miles
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Eastern Fruits and Vegetables
0.74 miles
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US Postal Service
0.88 miles
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Pathmark
1.61 miles
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Kings County Parking Garage
1.87 miles
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CVS
1.91 miles
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Car Park Systems
1.96 miles
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Ultra Car Park Systems
1.97 miles
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Fine Fare
2.09 miles
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The Brooklyn Museum and Botanic Garden
2.23 miles
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Rapid Park
2.38 miles
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Best Western Plus
0.27 miles
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Brooklyn Vybe Hotel, Ascend Hotel Collection
0.70 miles
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Days Inn
1.14 miles
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Ramada
1.22 miles
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Holiday Inn Express
1.63 miles
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Knights Inn
1.65 miles
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Home
1.69 miles
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King Hotel
1.89 miles
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The Vue Hotel Express
2.05 miles
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Phoenix Hotel
2.07 miles
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Natural Frontier Market
0.08 miles
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Ideal Food Basket
0.16 miles
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Flatbush Food Co-Op
0.24 miles
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Key Food
0.31 miles
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C-Town
0.34 miles
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Interfood
0.39 miles
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Fortune Supermarket
0.61 miles
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Desi Bazzar Supermarket
0.62 miles
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Rosners
0.66 miles
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Bobby's Dept. Store
0.75 miles
