New York, NY 11233

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,500,000
Annual Taxes:$9,591.72
Listing Courtesy of Exit Realty First Choice

Value Add Multifamily Investment Approx.

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.

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.