3216 Glenwood Rd

Asset CRG Advisors, LLC has been exclusively retained to market 3216 Glenwood Road, a brand-new seven-story multifamily building located in the East Flatbush neighborhood of Brooklyn. Construction commenced in 2024 and has been fully completed. The property is situated on a 4,300-square-foot lot and comprises approximately 15,216 square feet of gross building area.

The building features 19 residential units within a seven-story elevator property, along with nine on-site parking spaces. The property benefits from the 485X tax abatement, effectively capping real estate taxes for 35 years. Designed as an all-electric building, tenants are responsible for their own utilities, supporting efficient and streamlined operations.

The property is not yet occupied and may be delivered vacant or occupied at closing, providing flexibility for investors and operators. The building benefits from convenient access to the Sutter Avenue and Rockaway Avenue subway stations on the 3 line, as well as nearby bus routes, retail corridors, schools, parks, and neighborhood amenities, positioning it as a compelling investment opportunity in a growing Brooklyn residential market.