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$ 1,988,888
Est. payment | /mo
8 Beds
8 Baths
5,552 SqFt
$ 1,988,888
Est. payment | /mo
8 Beds
8 Baths
5,552 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,552 sqft
Price per Sqft $358
MLS Listing ID 494549
Bedrooms 8
Full Baths 8
Year Built 2016
Annual Tax Amount $274
Property Sub-Type Multi-Family
Property Description
Enter into your next investment with a clean, modern 8-unit walk-up in the East New York section of Brooklyn. This solid brick building features seven one-bedroom apartments and one studio, delivering a strong 8% cap rate with minimal maintenance. The property sits on a 2,400 SF lot, spans 5,205 SF across four floors, and is zoned R6, b ideal for steady income and long-term appreciation. Investors can also purchase the identical next-door building at 780 Livonia Avenue, creating a rare 16-unit portfolio opportunity in one of Brooklyn's fastest growing neighborhoods. The location is just minutes from the Van Siclen Avenue 3 train subway station, and within easy reach of the New Lots of Avenue 3 train, Junius Street 3 train, and Pennsylvania Avenue 3 train stations. Multiple bus lines are also within a short distance, including the B14, B15, B60, and B83, connecting residents throughout Brooklyn and to key transit hubs. With strong in place cash flow, excellent transit access, and the option to scale, this property is a smart, high performing asset in a high demand rental market. Whether you're completing a 1031 exchange, expanding your portfolio, or entering NYC's investment landscape with scale this opportunity delivers on all fronts.
Don't Miss This RARE, high-yield acquisition in one of New York City's most undervalued multifamily markets.
Don't Miss This RARE, high-yield acquisition in one of New York City's most undervalued multifamily markets.
Location
State NY
County Kings (brooklyn)
Area East New York
Zoning R6
Rooms
Basement Partial
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access Unknown
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Lucblue Realty LLC