Meridian Capital Group
Meridian Investment Sales

945 East 26th Street, Brooklyn, NY

945 East 26th Street, Brooklyn, NY

Mid-Block on the East side of East 26th Street between Avenue I and Avenue J
Midwood Brooklyn

27-Unit Multifamily Property for Sale in Midwood Brooklyn, NY

Type Multifamily
Neighborhood Midwood Brooklyn
Properties One Property
Zoning Code R4
Size 28,480 Square Feet
Stories Four Stories
Units 27 Units

Investment Highlights:

  • 4-story, 28,480 square feet elevator serviced apartment building, 27-units.
  • Prime Midwood location, One block from Brooklyn College.
  • 19 One-bedroom units | 7 two-bedroom units | 1 three-bedroom unit.
  • 100% occupied and cash flowing – ideal 1031 exchange opportunity.
  • $56,482 difference between annual legal rents and preferential rents.
  • $66,619 in aged arrears as of 3/31/2024; four tenants are currently in court.
  • Close proximity to the Q train at Avenue J station and the 2,5 trains at Flatbush Av-Brooklyn College.
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