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390 5th Ave
Brooklyn, NY 11215
The 2B Turnkey Collection · Multifamily Property For Sale
Investment Highlights
- Asking Price: $17,050,000
- Three-building, 23-unit Brooklyn portfolio spanning Williamsburg, Boerum Hill, and Park Slope — available together or individually
- Concentrated in supply-constrained, high-demand brownstone-Brooklyn submarkets
- Approximately 19,128 gross square feet across 22 residential units and one ground-floor Park Slope retail space
- Fully turnkey across all three buildings — no deferred maintenance and no near-term capital event to underwrite
- Clean, financeable execution that suits a 1031 buyer, a local Brooklyn investor, or a family office
Executive Summary
The New York Multifamily Group at Marcus & Millichap is pleased to exclusively offer The 2B Turnkey Collection — a three-building, 23-unit portfolio of pristine, income-producing multifamily and mixed-use assets across three of Brooklyn’s most desirable submarkets: Williamsburg, Boerum Hill, and Park Slope. Comprising approximately 19,128 square feet, the portfolio is available in its entirety or on an individual-building basis.
The 2B Turnkey Collection is a rare chance to acquire a fully turnkey Brooklyn portfolio with no deferred maintenance and a structural tax advantage built in. Every building sits within New York City Tax Class 2B — a protected classification that caps assessment growth and insulates ownership from the sharp, uncapped tax increases that burden larger Class 2 and commercial assets. The result is exactly what long-term holders want: clean buildings, predictable expenses, and durable
cash flow with minimal management drag.
The 2B Turnkey Collection is a rare chance to acquire a fully turnkey Brooklyn portfolio with no deferred maintenance and a structural tax advantage built in. Every building sits within New York City Tax Class 2B — a protected classification that caps assessment growth and insulates ownership from the sharp, uncapped tax increases that burden larger Class 2 and commercial assets. The result is exactly what long-term holders want: clean buildings, predictable expenses, and durable
cash flow with minimal management drag.
Property Facts
| Price / SF | $1,255 CAD / SF | Number of Properties | 3 |
| Cap Rate | 6.52% | Individually For Sale | 3 |
| Sale Type | Investment | Total Building Size | 19,128 SF |
| Status | Active | Total Land Area | 0.27 AC |
| Price / SF | $1,255 CAD / SF |
| Cap Rate | 6.52% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 19,128 SF |
| Total Land Area | 0.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 370 Baltic St, Brooklyn, NY 11201 | Multifamily | 6,960 SF | 1931 | $7,887,544 CAD |
| 56 Frost St, Brooklyn, NY 11211 | Multifamily | 6,189 SF | 2017 | $8,028,393 CAD |
|
Prime Park Slope Retail
390 5th Ave, Brooklyn, NY 11215 |
Multifamily | 5,979 SF | 1931 | $8,098,817 CAD |
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