10 Brooklyn Place
- Offered at $3,095,000 | 6.50% cap rate | 9.75 GRM
- Fully occupied 9-unit property with five 1BR/1BA apartments, two 2BR/1BA apartments, one studio and one 4BR/2BA residence.
- Renovated two-level 4BR/2BA residence leased for $9,000 per month.
- Approximately 22% Rent Roll upside at market and an 8.42% pro forma cap rate.
- New sewer lateral, modified-bitumen roof replaced in 2025, 400-amp electrical service, coin-operated laundry and an established RUBS program.
- Compelling basis of approximately $343,889 per unit in a highly walkable, transit-rich Nob Hill/Chinatown location. 100 Walk Score, 100 Transit Score.
Property Description
10 Brooklyn Place is a fully occupied nine-unit apartment building situated on a quiet residential lane at the intersection of Nob Hill and Chinatown. The 4,740-square foot, four-story property contains five 1BR/1BA apartments, two 2BR/1BA apartments, one studio and a renovated two-level 4BR/2BA residence leased for $9,000 per month. Offered at $3,095,000, the property provides immediate income and an attractive current return, with NOI of $201,164, a 6.50% cap rate and a 9.75 GRM. The offering also represents a compelling entry basis of approximately $343,889 per unit and $653 per square foot. Built in 1928 of concrete construction on a concrete foundation, the professionally managed building features 400-amp electrical service, a new sewer lateral, a modified-bitumen roof replaced in 2025, shared coin-operated laundry and an established RUBS program. Current apartment rents total $24,723 per month, with approximately 22% upside at market and an 8.42% pro forma cap rate. Near Grant Avenue, Union Square, the Financial District and North Beach, 10 Brooklyn Place offers investors a rare combination of current yield, income growth and a compelling per-unit basis in one of San Francisco's most walkable and transit-connected locations.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,095,000 |
| No. of Units: | 9 |
| Average Occupancy: | 6.5 |
| Year Built: | 1928 |
| Lot Size: | 0.04 Acres |
| Opportunity Zone: | No |
| Price per unit: | $343,889 |
| Property Website | Click Here |
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