Property Description

Value-Add Multifamily Investment | Approx. 10% Cap RateExceptional opportunity to acquire an 8-unit brick multifamily building in the heart of Stuyvesant Heights, Brooklyn. This four-story walk-up offers approximately 6,300 square feet on a 25' x 100' lot and consists of eight spacious railroad-style two-bedroom apartments, each featuring a full kitchen and bathroom. The property includes a full basement and is zoned R6B. This is an outstanding value-add investment with immediate income and tremendous upside. Several apartments have already been renovated, while the remaining units provide an excellent opportunity for an investor to complete renovations, reposition the asset, and significantly enhance rental income and overall value.With a projected 10% cap rate, this property presents an attractive opportunity for investors seeking both strong in-place cash flow and long-term appreciation. Whether you're looking to expand your portfolio or execute a strategic repositioning, this building offers exceptional potential.Property Highlights8 Residential ApartmentsEight (8) Two-Bedroom Railroad UnitsBrick Façade ConstructionApproximately 6,300 SFFour Stories with Full BasementR6B ZoningStrong Income-Producing AssetExcellent Value-Add / Repositioning OpportunitySignificant Upside Through RenovationsIdeal for Investors Seeking Cash Flow and AppreciationSeller Extremely MotivatedIdeally located in one of Brooklyn's most desirable and rapidly appreciating neighborhoods, the property is surrounded by restaurants, shopping, parks, schools, and convenient public transportation.

Property Features

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