See all 17 photos
17 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$5,300,000
Est. payment /mo
12 Baths
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 500117
Full Baths 12
Annual Tax Amount $2,400
Property Sub-Type Multi-Family
Property Description
Attention property investors—this is a rare opportunity you don't want to miss.
This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside.
Each floor consists of:
• Front unit: 1-bedroom
• Rear unit: 2-bedroom
The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs.
Financial Highlights:
• Current Net Operating Income (NOI): $349,906 annually
• Cap Rate: 6.6%
• Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually
Key Features:
• Tenants pay all utilities, including heat and hot water
• Low operating expenses
• Strong, stable income stream with additional upside
Location:
Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn's most desirable
This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside.
Each floor consists of:
• Front unit: 1-bedroom
• Rear unit: 2-bedroom
The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs.
Financial Highlights:
• Current Net Operating Income (NOI): $349,906 annually
• Cap Rate: 6.6%
• Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually
Key Features:
• Tenants pay all utilities, including heat and hot water
• Low operating expenses
• Strong, stable income stream with additional upside
Location:
Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn's most desirable
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Rooms
Basement Cellar, Finished, Full
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Bike Rooms
Roof Type Flat
Handicap Access Yes
Building
Foundation Block, Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Assumption,Bank Mortgage,Cash
Read Less Info
Listed by Tiger Realty
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716