2823 Snyder Ave
2823 Snyder Ave Brooklyn, NY 11226

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
Matthews Real Estate Investments Services | New York
No active brokers with Matthews Real Estate Investments Services | New York
Other Brokers
Rob Lawrence Properties
For Sale
Secondary Uses: Mid Rise
- Sale Price
- $7,100,000
- Price Per SF
- $514.3/SF
- Cap Rate
- 6.2%
- Building Size
- 13,805 SF
- Acres
- 0.06 ac
- Zoning
- R6
- Net Operating Income
- $438,326
- Showing Instructions
- Contact Broker
- Number 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
- County
- Kings
- Available
- 2024-08-06
- Created
- 2024-08-06
- Updated
- 2025-02-05
- Listing ID
- 61e51f11
- Parcel APN
- 3051080057