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$1,500,000
Est. payment /mo
2,500 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bedford-Stuyvesant
MLS Listing ID 1028149
Rental Info No
Year Built 1920
Annual Tax Amount $9,591
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Multi Family
Source onekey2
Property Description
Value-Add Multifamily Investment | Approx. 10% Cap Rate
Exceptional opportunity to acquire an 8-unit brick multifamily building in the heart of Stuyvesant Heights, Brooklyn. This four-story walk-up offers approximately 6,300 square feet on a 25' x 100' lot and consists of eight spacious railroad-style two-bedroom apartments, each featuring a full kitchen and bathroom. The property includes a full basement and is zoned R6B.
This is an outstanding value-add investment with immediate income and tremendous upside. Several apartments have already been renovated, while the remaining units provide an excellent opportunity for an investor to complete renovations, reposition the asset, and significantly enhance rental income and overall value.
With a projected 10% cap rate, this property presents an attractive opportunity for investors seeking both strong in-place cash flow and long-term appreciation. Whether you're looking to expand your portfolio or execute a strategic repositioning, this building offers exceptional potential.
Property Highlights
8 Residential Apartments
Eight (8) Two-Bedroom Railroad Units
Brick Façade Construction
Approximately 6,300 SF
Four Stories with Full Basement
R6B Zoning
Strong Income-Producing Asset
Excellent Value-Add / Repositioning Opportunity
Significant Upside Through Renovations
Ideal for Investors Seeking Cash Flow and Appreciation
Seller Extremely Motivated
Ideally located in one of Brooklyn's most desirable and rapidly appreciating neighborhoods, the property is surrounded by restaurants, shopping, parks, schools, and convenient public transportation.
Exceptional opportunity to acquire an 8-unit brick multifamily building in the heart of Stuyvesant Heights, Brooklyn. This four-story walk-up offers approximately 6,300 square feet on a 25' x 100' lot and consists of eight spacious railroad-style two-bedroom apartments, each featuring a full kitchen and bathroom. The property includes a full basement and is zoned R6B.
This is an outstanding value-add investment with immediate income and tremendous upside. Several apartments have already been renovated, while the remaining units provide an excellent opportunity for an investor to complete renovations, reposition the asset, and significantly enhance rental income and overall value.
With a projected 10% cap rate, this property presents an attractive opportunity for investors seeking both strong in-place cash flow and long-term appreciation. Whether you're looking to expand your portfolio or execute a strategic repositioning, this building offers exceptional potential.
Property Highlights
8 Residential Apartments
Eight (8) Two-Bedroom Railroad Units
Brick Façade Construction
Approximately 6,300 SF
Four Stories with Full Basement
R6B Zoning
Strong Income-Producing Asset
Excellent Value-Add / Repositioning Opportunity
Significant Upside Through Renovations
Ideal for Investors Seeking Cash Flow and Appreciation
Seller Extremely Motivated
Ideally located in one of Brooklyn's most desirable and rapidly appreciating neighborhoods, the property is surrounded by restaurants, shopping, parks, schools, and convenient public transportation.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished
Interior
Heating Baseboard
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Utilities Available See Remarks
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Contact Agent
Middle Schools Call Listing Agent
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
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Listed by Exit Realty First Choice • Steven S. Benshabat
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716