731-729 E 32nd St
729 E 32nd St, Brooklyn, NY 11210
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Turnkey Brooklyn Multifamily Portfolio: Two adjacent, newly constructed (2021) four-story walk-up buildings in East Flatbush, comprising 12 beautifully appointed apartments totaling 9,720 SF.
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Strong Yield & High Asset Efficiency: 100% occupied with an in-place NOI of $376,676. Offered at a $6,000,000 asking price, representing an attractive 7.0% going-in cap rate, a 13.6x gross rent multiple, and a highly competitive $617 per square foot basis.
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Highly Favorable Regulatory Profile: Ideal unit mix of ten 1-bedroom and two 2-bedroom layouts, featuring an advantageous split of eight free-market and four rent-stabilized units.
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Insulated Revenue Stream: Predictable income mix driven by approximately 70% free-market revenue for immediate growth potential, balanced by 30% stable rent-stabilized cash flow.
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Premium Construction & Design: Features 2021 luxury-tier interiors boasting spacious, high-ceiling layouts that maximize building depth and appeal to top-tier urban renters.
Building Details
- For Sale $5,400,000
- Property Type Multi-Family
- Property Size 9,720 SF
- Units 12
- Lot Size 0.09 Acre
- Cap Rate % 7
- Additional Rent Price on request
- # of Floors 4
- Year Built 2021
- Date Updated Aug 6, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Alpha Realty
Alpha Realty
Location
- City Brooklyn, NY
- Neighborhood East Flatbush
- Zip Code 11210
- Market Brooklyn
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Walk score 93/100 Walker's Paradise -
Transit score 99/100 Rider's Paradise -
Bike score 59/100 Bikeable
Points of Interest
Flatbush Avenue–Brooklyn College
0.11 miles
Avenue H
0.89 miles
Avenue J
0.99 miles
Mex Cabs
1.09 miles
Cortelyou Road
1.09 miles
Juniors Car Service
1.12 miles
Beverley Road
1.23 miles
A-Kings Highway Car Service
1.82 miles
Norwood Car & Limo
1.84 miles
Church Ave Express Car Service
1.91 miles
Allegiance
0.62 miles
Sunoco
1.15 miles
Speedway
1.17 miles
BP
1.22 miles
Shell
1.28 miles
Citgo
1.43 miles
EVgo
2.31 miles
Tesla Supercharger
2.68 miles
plugNYC
3.13 miles
FLO
3.38 miles
Pathmark
0.49 miles
Eastern Fruits and Vegetables
1.15 miles
CVS
1.17 miles
US Postal Service
1.17 miles
Kings County Parking Garage
1.61 miles
Kings Plaza Car Lot
2.19 miles
Fine Fare
2.23 miles
Roosevelt Savings Bank
2.26 miles
Chase Bank Parking
2.45 miles
The Brooklyn Museum and Botanic Garden
2.75 miles
Penske Truck Rental
1.30 miles
Car Lease Brooklyn LLC
1.33 miles
Giant Car Wash
1.37 miles
Hollywood Car Wash
1.60 miles
Tropical Breeze Car Wash
1.65 miles
Utica Car Wash
2.08 miles
Brooklyn's Famous Car Wash
2.08 miles
M&M Car Wash & Lube
2.15 miles
Guadalupana Car & Limo Services
2.44 miles
Grand Car Wash
2.51 miles
Dallas BBQ
0.14 miles
Ovi's Place
0.17 miles
Picky Eaters
0.28 miles
The Waffle Box
0.30 miles
Golden Krust
0.50 miles
Natural Outlet
0.53 miles
El Rancho Poblano
0.54 miles
F1 Lounge
0.66 miles
YoYo Fritaville
0.68 miles
Tacos El Dorado
0.70 miles
Target
0.17 miles
Key Food
0.39 miles
Pathmark
0.48 miles
C-Town
0.66 miles
Ideal Food Basket
0.96 miles
Sears
0.97 miles
Berry Goods Supermarket
1.02 miles
Green Acre Farms
1.10 miles
Flatbush Food Co-Op
1.14 miles
Amazing Savings
1.25 miles
FDNY Engine 255/Ladder 157
0.34 miles
NewYork-Presbyterian Brooklyn Methodist Hospital
0.42 miles
NYPD - 63 PCT
0.43 miles
Al-Medina Pharmacy
0.68 miles
Established Drugs
0.71 miles
Millenium Ambulatory Surgical Center
0.72 miles
Millennium Dialysis
0.72 miles
Centers Urgent Care of Flatbush
0.84 miles
Navar Pharmacy
0.96 miles
Walgreens
0.97 miles
Listing Summary
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Property Financials 729 E 32nd St is currently listed for sale at $5,400,000 for a price per square foot of $555.56.
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Property Details 729 E 32nd St totals 9,720 square feet of Multi-Family space across 4 floors on a lot spanning 0.09 acres. The property was initially built in 2021.
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Area Characteristics 729 E 32nd St is located in the East Flatbush neighborhood.
In terms of ease of commuting, the area has a walk score of 93, indicating that it is perfect for walking.
