344 21st Street

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Address: 344 21st St, Brooklyn, NY 11215, USA
New York & Tri-State + Apartment Buildings
Created date: July 26, 2026
Date last updated: September 27, 2026
Price: $2,650,000Investment Analyzer NEW!

Property Description

Investor's Delight! Exceptional opportunity to own an income-producing 8-family brown brick walk-up in the heart of the historic South Park neighborhood. Built in the 1930s, this well-maintained property features six rent-stabilized apartments and two free-market apartments, offering an excellent balance of stable income and future growth potential. Each spacious apartment includes two bedrooms, a living room, dining room, kitchen, and full bath, with the fourth-floor apartment boasting beautiful city views. Building improvements include a 4-year-old roof, a new boiler, updated electrical system, double-pane windows, an Energy Star furnace and water heater, a programmable thermostat, and a full basement with Bilco doors. Conveniently located near schools, shopping, restaurants, parks, and public transportation, this is an outstanding opportunity for investors seeking steady cash flow and long-term appreciation. Ideal for a 1031 Exchange buyer or anyone looking to expand their investment portfolio with a solid Brooklyn multifamily asset in a highly desirable location.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,650,000
No. of Units: 8
Opportunity Zone: No
Price per unit: $331,250
Property Website Click Here
Number of Bedrooms: 16
Number of Bathrooms: 8
Address: 344 21st Street, Brooklyn, NY 11215, USA
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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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