Brooklyn New Construction | 12-units
- Turnkey Brooklyn Multifamily Portfolio: Two adjacent, newly constructed (2021) four-story walk-up buildings in East Flatbush, comprising 12 beautifully appointed apartments totaling 9,720 SF.
- Strong Yield & High Asset Efficiency: 100% occupied with an in-place NOI of $376,676. Offered at a $6,000,000 asking price, representing an attractive 7.0% going-in cap rate, a 13.6x gross rent multiple, and a highly competitive $617 per square foot basis.
- Highly Favorable Regulatory Profile: Ideal unit mix of ten 1-bedroom and two 2-bedroom layouts, featuring an advantageous split of eight free-market and four rent-stabilized units.
- Insulated Revenue Stream: Predictable income mix driven by approximately 70% free-market revenue for immediate growth potential, balanced by 30% stable rent-stabilized cash flow.
- Premium Construction & Design: Features 2021 luxury-tier interiors boasting spacious, high-ceiling layouts that maximize building depth and appeal to top-tier urban renters.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $5,400,000 |
| No. of Units: | 12 |
| Cap Rate: | 7.0% |
| Year Built: | 2021 |
| Building Size: | 9,720 Sq ft |
| Lot Size: | 0.09 Acres |
| No. of Stories: | 4 |
| Opportunity Zone: | No |
| Price per unit: | $450,000 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Lev Mavashev | (212) 658-0979 | [email protected] |
| Eli Yusupov | (212) 658-0624 | [email protected] |
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