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Investment Highlights

  • High Foot Traffic
  • Close to all Transportation

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $525,708 $122.26
Other Income - -
Vacancy Loss - -
Effective Gross Income $525,708 $122.26
Taxes $60,694 $14.11
Operating Expenses $49,670 $11.55
Total Expenses $110,364 $25.67
Net Operating Income $415,344 $96.59

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $525,708
Annual Per SF $122.26
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $525,708
Annual Per SF $122.26
Taxes (CAD)
Annual $60,694
Annual Per SF $14.11
Operating Expenses (CAD)
Annual $49,670
Annual Per SF $11.55
Total Expenses (CAD)
Annual $110,364
Annual Per SF $25.67
Net Operating Income (CAD)
Annual $415,344
Annual Per SF $96.59

Property Facts

Price $8,097,632 CAD
Price Per Unit $578,402 CAD
Sale Type Investment
Cap Rate 5.13%
Sale Condition 1031 Exchange
No. Units 14
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 8,600 SF
Average Occupancy 100%
No. Stories 4
Year Built 1931
Zoning R7A, c2-4 - R7A, C2-4 Contextual Residential Zoning District in NYC. This is a multifamily residential zone with medium sized buildings.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 - 650
Studios 2 - 450
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
01150-0012
Land Assessment
$24,705 CAD (2026)
Improvements Assessment
$1,524,276 CAD (2026)
Total Assessment
$1,548,981 CAD (2026)
Annual Taxes
$60,694 CAD ($7.06 CAD/SF)
Tax Year
2025
  • Listing ID: 40512453

  • Date on Market: 2026-05-13

  • Last Updated:

  • Address: 281-283 Flatbush Ave, Brooklyn, NY 11217

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