2514 Cortelyou Road, Brooklyn NY

Investment Highlights:

Meridian Investment Sales is pleased to present 2514 Cortelyou Road, a five-story, 7,700-square-foot multifamily building located in the heart of Flatbush, one of Brooklyn’s most established and supply-constrained residential neighborhoods. The property comprises nine fully free-market units generating $280,944 in gross annual income and a net operating income of $214,096.

All nine units are occupied, with a weighted average monthly rent of $2,601, reflecting strong in-place cash flow with meaningful upside as leases turn over. Originally built in 1920 and gut renovated in 2017, the building sits between East 25th and East 26th Streets on one of Flatbush’s most active residential corridors, offering excellent transit access and proximity to Prospect Park.