$1,750,000
Outstanding investment opportunity in the heart of Brooklyn! This well-maintained 8-family brick building features eight spacious 3-bedroom apartments, offering a rare and highly desirable unit mix. Pride of ownership is evident throughout the property, which has been carefully maintained and is in excellent condition. The building generates strong and stable… Read More rental income with an estimated annual gross income of approximately $138,609 and an estimated NOI of $101,235. At the asking price of $1,750,000, the property offers an attractive estimated 5.8% cap rate, making it an exceptional addition to any investment portfolio. Situated on a prime residential block, the property is conveniently located near public transportation, schools, shopping, restaurants, parks, and major thoroughfares. The neighborhood continues to experience strong rental demand, contributing to the property's long-term investment appeal. Property Features: 8-Family Brick Building, Eight Large 3-Bedroom Apartments, Excellent Building Condition, Strong Income-Producing Asset, Approximate Annual Gross Income: $138,609. Estimated NOI: $101,235 Approximate 5.8% Cap Rate Desirable Brooklyn Location Close to Subway, Bus Lines, Shopping, Dining, and Schools Ideal for Investors Seeking Stable Cash Flow A rare opportunity to acquire a turnkey multifamily property with strong financials, excellent occupancy history, and a highly sought-after location in Brooklyn. Whether expanding an existing portfolio or completing a 1031 exchange, this property offers immediate income and long-term value. Read Less
Listing Courtesy of Sida Realty Group Inc.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Multi Family
Lot Size
0.06 Acres
Year Built
1910
Property Tax
$11,308
MLS Number
1016375
30 Days Snapshot Of 11233
$440k
0%
(avg) sold price
0
-100%
homes sold
201
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Partially Finished"
Building
Building Area: 8137, Construction Materials: "Brick", Year Built: 1910
Cooling
Details: "Electric"
Heating
Heating: "Natural Gas"
Lot
Acres: 0.0604, Size: 2633
Property
Zoning: R6
Utilities
Sewer: "Public Sewer", Water Source: "Public", Utilities: "Electricity Connected", "Natural Gas Connected"
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Devang Patel
Realtor®

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The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers' personal, non-commercial use. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of OneKey MLS.

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