Property Description
SERHANT. Commercial, as exclusive agents, are proud to present 45 Lenox Road, a premier multifamily investment opportunity in the heart of Flatbush, Brooklyn.
This newly developed, fully leased 46-unit rental building is 100% free market and benefits from a 30-year tax exemption, offering investors a true turnkey asset with stable income and minimal management hassle.
Originally developed as a sponsor condominium building, 45 Lenox was constructed to a higher standard of design and quality than a typical rental property. The building features an impressive amenity package including a modern fitness center, pet care room, package room, media room, and a furnished roof deck.
Residences feature contemporary kitchens, in-unit washer and dryers, and private storage rooms, while several apartments also offer private outdoor space.
With a 6.5% cap rate, modern construction, and a prime Brooklyn location, 45 Lenox presents a rare opportunity to acquire a stabilized luxury asset with strong long-term fundamentals and significant tax advantages.
DETAILS
- 4 Studios Avg. 511 SF
- 32 One-Bedrooms Avg. 661 SF
- 10 Two-Bedrooms Avg. 829 SF
- Total SF 45,000
- 8 stories
- Year built 2024
- Unit count 46
Overview
Property Type
Commercial
Location
45 Lenox Road, Brooklyn, NY 11226
Listing Last Updated
Property Features & Amenities
Interior
Exterior
Details
Total Area
45,000 Sq.Ft.
Financial
Price
$28,000,000
Exclusive Listing Agents
Bernadette Brennan
Executive Director | SERHANT. Commercial | Licensed Associate Real Estate Broker
(917) 482-5959 [email protected]