Updated80 Days Ago
Added2/7/2025
Added2/7/2025
About this Property
Prime income-producing 20-unit rent-stabilized building in Brooklyn, featuring 10 one-bedroom and 10 two-bedroom apartments, offering a strong and consistent rental income with 100% occupancy aside from one vacant unit. Generating a total monthly rent of $23,104.21 and an annual rent of $277,250.52, this property presents an excellent investment opportunity with a 6.12% cap rate and an annual net operating income of $158,489.26. Well-maintained with low operating expenses, this turnkey asset is situated in a highly desirable location near shopping, dining, and major transportation, including the B/Q subway lines and multiple bus routes, ensuring high tenant demand. A perfect opportunity for investors seeking stable cash flow, long-term appreciation, and strong rental history in one of Brooklyn’s thriving neighborhoods.
Details
- Status:No Longer Available
- Size:18400 Sq Ft
- Type:Multi-family
- ID:7189628
- Tax:$ 47142
- Year Built:1931
- Flooring: Hardwood,Linoleum,Tile
- Financing Type: 1031 Exchange,Bank Mortgage,Cash
- Style: Other
- Zoning: R7A
- Roof Type: Flat
- Yard: Back,Front,Side,Fenced - Partial
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Marketproof building overview
Location
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Tax:$47,142
20
BA
30 BD