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Multifamily

215 Buffalo Avenue

215 Buffalo Ave, Brooklyn, NY 11213

Listing Price: $1,150,000

Cap Rate
8.30%
Number of Units
6
GRM
8.05
Price/Unit
$191,667
Price/Gross SF
$222.22
Gross SF
5,175

Investment Overview

Marcus and Millichap is pleased to offer 215 Buffalo Avenue, a prime multifamily investment opportunity located in the vibrant Crown Heights neighborhood of Brooklyn. 215 Buffalo Avenue presents an exciting opportunity for investors seeking value-add potential in a dynamic and evolving submarket.

Investment Highlights

  • Built in 1905, this 6 unit, 5,175 SF mixed-use property sits on a 2,500 SF lot.
  • This listing offers flexible R6 / C2-3 zoning with approximately 900 SF of available air rights, providing a compelling opportunity for future expansion or repositioning.
  • 215 Buffalo Avenue is strategically positioned near key retail corridors and public transit, making it attractive to both tenants and future end-users.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    Manhattan

  • Daniel Greenblatt

    Licensed Associate Real Estate Broker

    (718) 475-4357

    Email Daniel

    License(s): NY: 10301215921

    Manhattan

Financing By

Multifamily

215 Buffalo Avenue

Listing Price: $1,150,000

Cap Rate
8.30%
Number of Units
6
GRM
8.05
Price/Unit
$191,667
Price/Gross SF
$222.22
Gross SF
5,175

Investment Highlights

  • Built in 1905, this 6 unit, 5,175 SF mixed-use property sits on a 2,500 SF lot.
  • This listing offers flexible R6 / C2-3 zoning with approximately 900 SF of available air rights, providing a compelling opportunity for future expansion or repositioning.
  • 215 Buffalo Avenue is strategically positioned near key retail corridors and public transit, making it attractive to both tenants and future end-users.

Investment Overview

Marcus and Millichap is pleased to offer 215 Buffalo Avenue, a prime multifamily investment opportunity located in the vibrant Crown Heights neighborhood of Brooklyn. 215 Buffalo Avenue presents an exciting opportunity for investors seeking value-add potential in a dynamic and evolving submarket.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    Manhattan

  • Daniel Greenblatt

    Licensed Associate Real Estate Broker

    (718) 475-4357

    Email Daniel

    License(s): NY: 10301215921

    Manhattan

Financing By

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