281 23rd StreetLoading

Townhouse For Sale Brooklyn, Greenwood Heights

Web ID # RLS20075657

Listed: 03/06/2026

$1,950,000Loading

8,493 ft2 Approx. $230 per ft2 20 Beds 12 Baths

Mortgage Est: $.../month

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281 23rd Street

Townhouse For Sale Brooklyn, Greenwood Heights

Web ID # RLS20075657

Listed: 03/06/2026

8,493 ft2 Approx. $230 per ft2 20 Beds 12 Baths

Mortgage Est: $.../month

  Austin Wong

Contact Agent

Gea Elika

 212-590-0540

Inquire about 281 23rd Street


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Description

Turnkey multifamily investment - 281 23rd Street is a beautifully-maintained masonry pre-war building spanning approximately 8,492 square feet above-grade. The building hosts 12 apartments, eight of which are configured as 2 BR, while the remaining four are 1 BR. The building is being offered for sale for the first time in almost 40 years. Current ownership has taken long-term care of the property, offering new ownership a turn-key cash flowing asset. Core asset with consistent cash flow and future upside - All apartments are rent-stabilized and leased. The asset currently generates over $270,000 gross annually. Average AGI/NSF is $34.61, equating to an average monthly rent of $1837 per apartment, this is approximately 75% of market rents of comparable rentals in area. This allows future investors to take advantage of immediate rental income on day one with virtually no work, while retaining substantial long-term upside as units are brought to market rate over time. Ideal location with multiple amenities - R subway station at the 25th Street station & the Prospect Avenue station (D, N, R, W trains). There are several markets, banks and convenience stores along with dozens of cafes and restaurants in the immediate area along 5th Avenue retail corridor. The location provides direct commutes to Manhattan and Brooklyn via these lines. Ideally positioned for quick access to the major highway interchange of I-278 (Gowanus Expressway) and NY-27 (Prospect Expressway).

Highlights

  • Central Air

Building Information

  • Building Type: Walkup
  • Year Built: 1931

Mortgage Calculator

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$
%
%
$/month
$/month
/year
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Your mortgage payments over years will add up to .
Estimated monthly payment: $.

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Purchase Price

Property Type

Mansion Tax
Title Insurance
Attorney Fee
Move-In Deposit
Title Search
Survey Fees
Board Application Fees
Move-In Fee
Title Search
Recording Fees (Deed)
Lien Search
Credit Check

Mortgage Financing Costs

Mortgage Recording Tax
Title Insurance
Bank Attorney Fee
Loan Application Fee
Appraisal Fee
Mortgage Recording Fee
Aztech Recognition Agreement Fee
UCC-1 Filing Fee

New Construction Costs

NYC Transfer Tax
NY State Transfer Tax
Sponsor's Attorney Fee
Total
Total
Total
Email Me Closing Costs
Export PDF
Export CSV
  View closing costs
  View Post Closing Liquidity Calculator
$
$
Property Type
Amount Financed
$
$
$
$
$
$
$
Estimated Closing Costs
$
Post-closing liquidity without 401k
months
Post-closing liquidity with 401k
months
  View more details
$
months
%
%

$
$
%
%
$/month
$/month
/year

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Your rent payments over years will add up to .


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