ID 61e51f11
2823 Snyder Ave
For Sale
$7,100,000$514.31/SF
- Cap Rate
- 6.2%
- Building Size
- 13,805 SF
- Lot Size
- 0.06 ac
- County
- Kings
- DOM
- 804
- Listed
- 08/06/2024
- Updated
- 02/05/2025

Overview
Desirable Location: Located on Linden Boulevard between Nostrand & Rogers Avenues, on the border of Prospect Lefferts Garden and Flatbush, Brooklyn
High-End Finishes: Units are outfitted with stainless steel appliances, central A/C, stone countertops, etc.
Building Amenities: Common areas include laundry in-building, a lounge area, shared back yard, and roof access
Low-Maintenance: Buildings were constructed in 2018 and are fully occupied, translating to minimal up-front management required
Tax Abatement: Property benefits from a 421a tax abatement (in year 5 of 35), with a current annual tax bill of just $3,400
Path to Fully Free-Market: Units are rent stabilized under the 421a tax abatement – these can be destabilized upon tenant turnover after abatement expiration
Public Transportation: Within blocks of the 2 & 5 trains at Church Avenue and the Q train at Parkside Avenue with direct access to Downtown Brooklyn & Union Square
Retail Accessibility: Close proximity to numerous retail options along Church and Flatbush Avenues, including Target, Key Foods, CityMD, Chase, CVS, etc.
Attachments
Links
@properties Commercial
Matthews Real Estate Investments Services | New York
Brokers no longer with Matthews Real Estate Investments Services | New York
Additional Information
- City
- Brooklyn
- County
- Kings
- State
- NY
- Zip Code
- 11226
- Latitude
- 40.649056326559965
- Longitude
- -73.95048666441805
- Secondary Uses
- Mid Rise
- Zoning
- R6
- NOI
- $438,326
- Showing
- Contact Broker
- # of Buildings
- 1
- Floors
- 4
- Year Built
- 2018
- Construction Siding
- Concrete
- Construction Type
- Framed
- Property Status
- Existing
- Lot Size
- 21' x 124'
- In Opportunity Zone
- Yes
- Parcel APN
- 3051080057
- Listing ID
- 61e51f11
- City
- Brooklyn
- County
- Kings
- State
- NY
- Zip Code
- 11226
- Latitude
- 40.649056326559965
- Longitude
- -73.95048666441805
- Secondary Uses
- Mid Rise
- Zoning
- R6
- NOI
- $438,326
- Showing
- Contact Broker
- # of Buildings
- 1
- Floors
- 4
- Year Built
- 2018
- Construction Siding
- Concrete
- Construction Type
- Framed
- Property Status
- Existing
- Lot Size
- 21' x 124'
- In Opportunity Zone
- Yes
- Parcel APN
- 3051080057
- Listing ID
- 61e51f11
