Description
237 Bainbridge Street,
Brooklyn,
NY
11233
237 Bainbridge Street presents a strong opportunity to acquire a newly constructed 8-family multifamily building in the heart of Brooklyn. Built in 2013, the property spans approximately 5,989 square feet and sits within a 30-foot-wide building, offering a desirable mix of one- and two-bedroom residences. The property benefits from high in-place income, very low expenses, and annual real estate taxes of $11,231, supported by a 421A tax abatement in place through 2031. Upon expiration of the abatement period, future ownership may have the opportunity to increase rents or explore a potential condominium conversion, subject to applicable approvals. Located just a 5-minute walk from the A/C subway lines, 237 Bainbridge offers excellent access, strong investment fundamentals, and a highly compelling option for 1031 exchange buyers.
Amenities
- Air Conditioning
- Central A/C
- Pets Not Allowed
Listing By: Douglas Elliman via Data Source: RealPlus MLS
New York City Department Of Education
School District
Price History
| date | price | variance | type |
|---|
| 6/24/2026 | $3,800,000 | - | Listed |