45 Lenox Road
6.5% Cap Rate | 100% Leased | 46-Unit Free Market Multifamily | 30-Year Tax Exemption
Marketing description
SERHANT. Commercial, as exclusive agents, are proud to present 45 Lenox Road, a premier multifamily investment opportunity in the heart of Flatbush, Brooklyn.
This newly developed, fully leased 46-unit rental building is 100% free market and benefits from a 30-year tax exemption, offering investors a true turnkey asset with stable income and minimal management hassle.
Originally developed as a sponsor condominium building, 45 Lenox was constructed to a higher standard of design and quality than a typical rental property. The building features an impressive amenity package including a modern fitness center, pet care room, package room, media room, and a furnished roof deck.
Residences feature contemporary kitchens, in-unit washer and dryers, and private storage rooms, while several apartments also offer private outdoor space.
With a 6.5% cap rate, modern construction, and a prime Brooklyn location, 45 Lenox presents a rare opportunity to acquire a stabilized luxury asset with strong long-term fundamentals and significant tax advantages.
DETAILS
- 4 Studios Avg. 511 SF
- 32 One-Bedrooms Avg. 661 SF
- 10 Two-Bedrooms Avg. 829 SF
- Total SF 45,000
- 8 stories
- Year built 2024
- Unit count 46
Investment highlights
SERHANT. Commercial, as exclusive agents, are proud to present 45 Lenox Road, a premier multifamily investment opportunity in the heart of Flatbush, Brooklyn.
- 6.5% cap rate on a fully stabilized, 100% free market asset
- 30-year tax exemption delivering meaningful NOI protection for investors
- 46 units, 100% leased, with zero rent-regulated exposure
- Built in 2024 to condominium-grade specifications, setting the property apart from typical rental construction
- Diverse unit mix: 4 studios, 32 one-bedrooms, and 10 two-bedrooms across 45,000 SF
- Full amenity package: fitness center, furnished roof deck, media room, pet care room, and package room
- In-unit washer/dryers, private storage, and select private outdoor spaces
- Turnkey acquisition with no near-term capital requirements and a clean operating profile
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