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.
Lot Size: 0.1364 Lot Sq Ft: 5942
Heat: Oil A/C: None Water: Public Sewer: Public Sewer
Taxes: $47,142
School District: Ps 217 Col David Marcus School
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