288 New York Avenue, brooklyn, NY 11216

Revived Commercial is exclusively retained to sell 288 New York Avenue, a

brick 8-unit Residential Rental building, located in the Crown Heights neighborhood of Brooklyn, NY.

Turnkey multifamily investment

288 New York Avenue is a well-maintained masonry building spanning approximately 3,800 square feet above-grade. The building hosts 8 rent stabilized Studio apartments, all of which are configured as approximately 425 sf.

The building is being offered for sale for the first time in over 25 years. Current ownership has taken long-term care of the property, offering new ownership a turn-key cash flowing asset.

Core asset with stable cash flow and future upside

All apartments are leased and rent stabilized. The asset currently generates

over $180,000 gross annually.

Long-term Upside

Building currently averages $47.53 AGI/NSF, equating to an average monthly rent of $1,881 per apartment, equating to 90% of market rent. This allows future investors to take advantage of immediate rental income on day one with virtually no work, while retaining substantial long-term upside.

Ideal location with multiple amenities

This prime Crown Heights location is well-served by public transit, primarily the A and C subway lines at Kingston-Throop Aves or the 3 train at Kingston Ave. Local bus routes along nearby avenues like the B44 (Nostrand Ave) or B43 (Tompkins Ave) provide cross-town connectivity.