$3,900,000
Multifamily property · MLS 12009192 · Listed 34 days ago (Oct 1, 2026)
Active: Listed and available according to the MyStateMLS feed.
Suits Realty Investment Sales is proud to present 163 Veronica Place, an exceptional four-story, 8-unit residential apartment building in Flatbush, Brooklyn. Built in 2013 and meticulously maintained by its original owner, this ± 6,350 SF property features a robust masonry skeleton, in-demand building systems, and virtually no deferred maintenance. The building consists of 8 rent-stabilized units generating an immediate yearly rent roll of $212,328.00. Because tenants are responsible for their own heat, hot water, gas, and electricity utilities, the asset delivers strong, dependable cash flow from day one. Currently 100% occupied, the property offers an impressive clear path to a projected annual rent roll of $338,124 upon natural unit turnover. Crucially, the building's 421-a tax abatement is set to expire in 2030, presenting a powerful future exit strategy or valueadd opportunity. Upon expiration, a new owner will have the legal flexibility to convert the building into a luxury condominium or transition the units to full, unregulated freemarket rent levels. Perfectly positioned between Tilden Avenue and Beverley Road, residents enjoy effortless commuting via the 2/5 train at Church Avenue and Beverley Road. Furthermore, the property sits just 10 minutes away from Prospect Park, granting tenants immediate access to 526 acres of premier recreational space.
Description provided by the listing brokerage.
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
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Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Listing courtesy of SUITS REALTY LLC. Listing agent: Sheraz Ali. Listings provided by MyStateMLS.
Listing last modified at the source Oct 2, 2026, 1:03 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 11:01 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.