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16-18 Lenox Rd
Brooklyn, NY 11226 Flatbush-Ditmas Park

$4,650,000 USD

Apartments For Sale  •  7,764 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,764 SF
  • Lot Size 0.09 AC
  • Building Class B
  • Year Built 1912
  • Cap Rate 5.84 %
  • Zoning R6B
100 Transit Score
100 Walk Score

Highlights

Calling All Investors, Developers, & End-Users!!! 100% Occupied 12 Unit Free Market Apartment Building In Brooklyn For Sale!!!
The Property Features Excellent Signage, Great Exposure, R6B Zoning, (7) 2 Bedroom Apts., (5) 1 Bedroom Apts., Security Camera System, +++!!!
The Property Is Located In The Heart Of Flatbush Just Off Rt. 27 Near The Brooklyn Museum, Kings Theatre, Prospect Park & Just Minutes From I-278!!!
Neighbors Include Chase Bank, USPS, Safeguard Self Storage, Target, Foot Locker, Old Navy, Planet Fitness, AT&T,  Boost Mobile,  Dunkin’, +++!!!
The Entire Building Underwent A Gut Renovation In 2024!!!
This Property Offers HUGE Upside Potential!!!

Financial Summary (Actual)

Net Operating Income: $271,735 USD (2025)
Cap Rate: 5.84 %
Total Expenses: $96,365 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Dishwasher
  • Microwave
  • Property Manager on Site
  • Security System
  • Storage Space
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Bicycle Storage
  • Maintenance on site
  • Public Transportation
  • Individual Locking Bedrooms
  • Smoke Detector
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.4 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 8 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Parkside Avenue (Q - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Church Avenue (B,Q Line) (B - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Church Avenue (2,5 line) (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 1 min 12 min 0.6 mi
Winthrop Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
Prospect Park (B,Q,S Line) (B - New York MTA Subway (The Subway), Franklin Avenue Shuttle - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
John F Kennedy International 21 min - 11.4 mi
LaGuardia 24 min - 11.6 mi
Newark Liberty International 32 min - 18.8 mi
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial