NEW! Buy and sell safely with virtual options - Learn More
About the Listing SIDA01 - 180023
Outstanding investment opportunity in the heart of Brooklyn! This well-maintained 8-family brick building features eight spacious 3-bedroom apartments, offering a rare and highly desirable unit mix. Pride of ownership is evident throughout the property, which has been carefully maintained and is in excellent condition. The building generates strong and stable rental income with an estimated annual gross income of approximately $138,609 and an estimated NOI of $101,235. At the asking price of $1,750,000, the property offers an attractive estimated 5.8% cap rate, making it an exceptional addition to any investment portfolio. Situated on a prime residential block, the property is conveniently located near public transportation, schools, shopping, restaurants, parks, and major thoroughfares. The neighborhood continues to experience strong rental demand, contributing to the property's long-term investment appeal. Property Features: 8-Family Brick Building, Eight Large 3-Bedroom Apartments, Excellent Building Condition, Strong Income-Producing Asset, Approximate Annual Gross Income: $138,609. Estimated NOI: $101,235 Approximate 5.8% Cap Rate Desirable Brooklyn Location Close to Subway, Bus Lines, Shopping, Dining, and Schools Ideal for Investors Seeking Stable Cash Flow A rare opportunity to acquire a turnkey multifamily property with strong financials, excellent occupancy history, and a highly sought-after location in Brooklyn. Whether expanding an existing portfolio or completing a 1031 exchange, this property offers immediate income and long-term value.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Electric
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $11,308
- Taxes w/Assessments: N/A
- Tax/Property ID: 01526-0004
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
208 Sumpter St Brooklyn, NY 11233
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
