Turn-Key 9-Unit Investment Opportunity in Prime Ocean Hill! $4,200,000 Ocean Hill
Location: new york city
2025-10-27 12:54
$4,200,000/ 6084ft2 – Turn-Key 9-Unit Investment Opportity in Prime Ocean Hill! (Ocean Hill)
305 Sumpter St, Brooklyn, NY 11233
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305 Sumpter St
6084ft2
license info: Capri Jet Realty – Jessie Lookfong
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Turn-Key 9-Unit Investment Opportity in Prime Ocean Hill!
Introducing 305 Sumpter Street, a turnkey 9-it new development completed in 2021, ideally positioned in the high-demand Bedford-Stuyvesant rental market. Constructed with a modern brick and stucco façade, this asset offers investors a stable, income-producing property with significant long-term upside.
The building features a desirable NINE it mix:
– Three free-market 2BR its with balcony; Three affordable housing 2BR its with balcony
– Two free market 1BR/1.5BTH duplexes (one with private outdoor space)
– One premier free market 1BR penthouse with two levels of private outdoor terraces and obstructed Manhattan skyline views
All residences are outfitted with tenant-preferred finishes including 11’ ceilings, hardwood flooring, granite cotertops, stainless steel GE appliances (with dishwasher), and private balconies in select its. Every it is filled with natural light and designed for maximum tenant retention.
Financial Highlights:
– Net Operating Income (NOI): $260,000 annually
– Stabilized tenancy with 6 free-market its and 3 affordable its (curated by owner)
– Low maintenance costs supported by Mitsubishi split its, low maintenance plumbing fixtures, AO Smith Water Heaters der warranty, and energy-efficient LED lighting throughout.
– Strong amenity package including common backyard, panoramic rooftop deck, and basement ladry facilities
– 421A Tax Abatement in place til 2056
Just 3 blocks from the J train at Chacey St, 4 blocks from the A/C at Rockaway Ave, and 6 blocks from the L train at Bushwick Ave, ensuring exceptional connectivity across Brooklyn and Manhattan. The neighborhood continues to attract renters with local hot spots such as All Night Skate, Dolly’s Coffee Shop, Kaiff Juice & Coffee, Marion Hopkinson Playgrod, and Peaches.
With an NOI of $260K, modern finishes, strong transportation access, and a prime Bed-Stuy location, 305 Sumpter Street presents investors with immediate cash flow and long-term appreciation potential in one of Brooklyn’s most dynamic neighborhoods.
Contact today for Full Setup and OM!
Jessie Lookfong show contact info
Capri Jet Realty show contact info
Drone Video: https://www.youtube.com/watch?v=tTLBpJk7wIc
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
