Active
Sale
Multifamily
Mid Rise

2823 Snyder Ave

2823 Snyder Ave, Brooklyn, NY 11226

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
2823 Snyder Ave
1 / 2

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.

@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

Parcel & Location