12-Units in Prime Flatbush with High Legal Rents
Multifamily
Marketing description
Matheos Realty Group is pleased to present the exclusive offering of 448 East 26th Street, a four-story multifamily
property located in the heart of Flatbush, Brooklyn. The building comprises 12 residential units, configured as three
spacious three-bedroom apartments and eight two-bedroom apartments and a very large one bedroom, totaling
10,000 square feet. The property is fully occupied and provides investors with a reliable stream of income
supported by rent-stabilized tenancy with very high legal rents. This combination offers both security of cash flow
and significant long-term upside as preferential rents can be brought closer in line with legal thresholds over time.
The property currently generates approximately $293,224 in gross income and $176,986 in net operating income.
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