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271 Martense St 8 Unit Apartment Building $4,885,720 CAD ($610,715 CAD/Unit) 6.37% Cap Rate Brooklyn, NY 11226
INVESTMENT HIGHLIGHTS
- Newly constructed 8-family building in Flatbush, Brooklyn.
- Two blocks from Church Avenue [2,5] Subway Station and near B35, B41, and B44-SBS bus lines.
- Property was converted from a 2-family into a five-story building consisting of 8 residential units.
- Fully occupied and located in a strong residential corridor with stable tenancy.
- Near major retailers including Target, Walgreens, Dunkin’, McDonald’s, and Five Below.
- All units are 100% free market.
EXECUTIVE SUMMARY
Asset CRG Advisors is pleased to present a modern multifamily investment opportunity in the Flatbush neighborhood of Brooklyn. This recently completed 8-unit building blends quality construction with reliable cash flow, supported by 100% free-market tenancies. Designed for long-term durability, the property offers a contemporary living experience that appeals to the area’s strong rental demand. Located in a well-established residential corridor, the asset provides convenient access to the Church Avenue [2,5] Subway Station and major bus routes, ensuring excellent connectivity throughout Brooklyn and Manhattan. The surrounding area continues to experience steady growth, with national retailers, dining options, and community amenities contributing to its enduring investment stability.
PROPERTY FACTS
| Price | $4,885,720 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $610,715 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.37% | Building Size | 8,000 SF |
| No. Units | 8 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2018 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6 - Medium density residential district | ||
| Price | $4,885,720 CAD |
| Price Per Unit | $610,715 CAD |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,000 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1930/2018 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 4 | - | - |
| 2+1.5 | 1 | - | - |
| 3+2 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 05088-0051 | Improvements Assessment | $467,354 CAD |
| Land Assessment | $152,016 CAD | Total Assessment | $619,370 CAD |
PROPERTY TAXES
Parcel Number
05088-0051
Land Assessment
$152,016 CAD
Improvements Assessment
$467,354 CAD
Total Assessment
$619,370 CAD
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271 Martense St
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