Carol Edwards
MLS#1006016
STATUSActive
PROPERTY TYPECommercial -
SCHOOLContact Agent
Property Description
Sorry, no more showings. An offer has been accepted and multiple back up offers are in place. The status will be changed to pending after contracts are signed. This 6-family w/ 3 Market Rent and 3 Rent Stabilized apartments delivers strong, reliable cash flow with an 8.15% cap rate, offering a compelling return in today's market. This prime investment opportunity is located in the South Slope area of Park Slope!Monthly Rent Roll: $11,244 | Annual Rent Roll: $134,915 | Annual Expenses: $61,535 | NOI: $73,380Lot: 20 x 100 ft | Building: 20 x 75 ft | 3 Stories + Basement | Zoning: C-2 | 6 Residential Units | Rent Stabilized.1 apartment on the ground floor has become vacant and will remain so, incase a buyer wishes to be owner operated. Otherwise it can be immediately rented out upon closing. The property has deferred maintenance and is priced accordingly, representing a straightforward income play for an experienced investor or owner-operator comfortable with a building that requires attention. Income is consistent, making this a steady cash-flowing asset in one of Brooklyn's most sought-after and transit-accessible neighborhoods.All information deemed reliable but not guaranteed. Buyers to perform their own due diligence.
Property Features
Property Type: Commercial -
Basement: Bilco Door(s)
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.05 Acres
Taxes: $15,353
Year Built: 1925
Feature Descriptions
Building Area Total: 27246
Cap Rate: 8
Days on Site: 15
Exterior: Brick
On Market Date: 2026-05-28
Parcel Number: 05124-0051
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Contact Agent
Listed By / Shown By
Listing By
Agency Name: RealTegrity NY LLC
Agency Contact: 917-623-8874
Shown By
Agent Name: Carol Edwards
Agent Phone: (516) 334-4333
Agency Title: Coldwell Banker American Homes
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354 E 21st Street | MLS# 1006016
This commercial property located at 354 E 21st Street, Brooklyn, NY 11226 is currently listed for sale with an asking price of $900,000. E 21st Street is located within the Contact Agent school district. Search Brooklyn real estate on caroledwards.cbamhomes.com today.