22 Patchen Ave, Brooklyn, NY 11221

Asset CRG Advisors, LLC, has been exclusively retained to market 22 Patchen Ave, a fully renovated free-market multifamily building located in the Bedford-Stuyvesant neighborhood of Brooklyn. The property consists of approximately 3,576 built square feet and is currently configured with 7 residential units, including six one-bedroom apartments and one two-bedroom apartment with a private backyard. The building is separately metered for heat and electric and benefits from Protected Tax Class 2B status, limiting future tax increases.

The property is currently vacant and was recently completed, presenting an opportunity for immediate lease-up and stabilization. Upon full occupancy, the asset is projected to generate approximately $236,400 in gross annual income and $195,035 in net operating income, offering strong cash flow potential for investors seeking a turnkey multifamily asset.

22 Patchen Ave is located in the Bedford-Stuyvesant neighborhood of Brooklyn, a vibrant and historic area known for its classic brownstones, tree-lined streets, and strong residential character. The neighborhood has experienced significant investment and revitalization in recent years, attracting a diverse mix of residents and fostering a growing collection of local restaurants, cafes, and retail establishments along nearby corridors such as Broadway, Myrtle Avenue, and Malcolm X Boulevard.

The property benefits from excellent public transportation access, with the Kosciuszko Street Station (J train) and Myrtle Avenue Station (BMT Jamaica Line) (J, M, Z trains) located nearby, providing convenient service to Downtown Brooklyn, Lower Manhattan, and other parts of New York City. The area's combination of strong transit connectivity, neighborhood amenities, and ongoing residential growth continues to support robust rental demand and long-term investment appeal.