SoldMultifamily2024
$2,550,000
2306 Albemarle Road, Flatbush, Brooklyn
Marcus & Millichap · NY Multifamily Team
Completed as a member of the New York Multifamily team at Marcus & Millichap, alongside Shaun Riney and colleagues.
The transaction
A 33-unit corner building where Albemarle Road meets Oakland Place in Flatbush, four stories of brick wrapped around the corner with the fire escapes still on the facade. Most Flatbush stock of this age carries regulated units, so the buyer pool narrows to the operators who already know how to underwrite a regulated rent roll and hold it for the long term. Closed at $2,550,000 in January 2024.
Deal facts
Asset typeMultifamily
Units33
NeighborhoodFlatbush
Sale price$2,550,000
