Ọgbọ anyị a họpụtara n'onwe ha ka ha nwee ọrụ nke ime ka e biri 485 E. 28th Street na 1463 New York Avenue, ịzụ ahịa abụọ ọhụrụ nwere afọ 33+ fọdụrụ na 421a Tax Abatements na Flatbush nke na-awakpo.

Ebe obibi ụlọ nkwụsị nke ọ bụla nwere 18 ụlọ n'ogbe nke bụ ihe dị ka 17,000 square feet ma na-emegharị naanị kọlụm abụọ site na 2/5 subway. Na-egosipụta njedebe ọnọdụ condo na ọtụtụ balkon nkeonwe, ụlọ abụọ ahụ na-eji ọkụ eletrik, dị ọcha, dị irè, na dị mfe ijikwa. E nwere ohere ọzọ site na imepụta mpaghara basement na roof maka ihe onwunwe, na ebe ngwá ọrụ obodo nwere ike inye ohere maka mgbanwe ndị ọzọ n'ọdịnihu dị ka mgbanwe ndị a jụrụ na City of Yes/UAP.

Ụlọ mbipụta rent na Flatbush eruola ihe dị ka 22% n'ime afọ atọ gara aga, na ọkwa ahịa ugbu a maka mmepe ọhụrụ na-efere ihe dịka $62/SF. Ụlọ ndị a nke 95% jupụtara na-enye ego siri ike na ebe a na-emepe ụlọ ka nwere nnukwu ohere ịhapụ ụlọ nke dị n'okpuru ahịa ka akwụ ụgwọ niile. Na-arịọ maka 6-cap na onye na-enye ego dị njikere iji kwụọ ụgwọ nso na 5.5%, na-enye ohere pụrụ iche iji nweta ihe onwunwe kwesịrị ekwesị, ogologo oge nwere ezigbo ego na nnukwu ohere. Enwere ike ịnọ otu ma ọ bụ dị ka portfolio.

Our team has been retained on an exclusive basis to facilitate the sale of 485 E. 28th Street and 1463 New York Avenue, a pair of new developments with 33+ years remaining on their 421a Tax Abatements in thriving Flatbush.

Each elevator building includes 18 units across roughly 17,000 square feet and is located just two blocks from the 2/5 subway line. Featuring condo-quality finishes and multiple private balconies, both properties are fully electric, clean, efficient, and easy to manage. There’s additional upside through activation of the basement and roof areas for amenities, and the community facility spaces may allow for future residential conversion under recent City of Yes/UAP changes.

Rents in Flatbush have risen approximately 22% over the past three years, with current market levels for new development averaging around $62/SF. These 95% occupied buildings offer strong in-place income with clear potential to bring under-market units to full rent. Asking a 6-cap with a lender in place willing to finance closer to 5.5%, they present a rare opportunity to acquire low-maintenance, long-term assets with stable cash flow and meaningful upside. Available individually or as a portfolio.