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Real Estate for Sale

Off Market Bk Multifamily $21,000,000 Brooklyn

Off Market Bk Multifamily ,000,000 Brooklyn
Location: new york city

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Off Market Bk Multifamily $21,000,000 Brooklyn


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Off-Market Brooklyn Multifamily Portfolio | 147 Units | Fully Stabilized | $21,000,000 | Prime Locations & Strong Transit

We are pleased to present a prime off-market opportity in the heart of Brooklyn’s highly desirable Bay Ridge and Bensonhurst neighborhoods. This offering consists of three well-maintained multifamily buildings totaling 147 fully occupied, rent-regulated apartments, now available at a steep discot from their combined appraised value. These properties benefit from their location in established, sought-after areas with excellent access to amenities, attractions, and transportation.
Prime Brooklyn Portfolio Highlights:
Asset Type: Three multifamily rental buildings
Total Units: 147
Sizes:
(Bay Ridge): 71 Units (Approx. Mix: Primarily 1 & 2 Bedroom Units with some Studios and 3 Bedroom Units), 56,000 SF
(Bensonhurst): 54 Units + 1 Commercial (Approx. Mix: Primarily 1 & 2 Bedroom Units with some 3 & 4 Bedroom Units), 45,100 SF
(Bensonhurst): 22 Units (Likely a mix of 1 & 2 Bedroom Units), 34,600 SF.
Appraised Portfolio Value (May 2024): $25,000,000
Offering Price: $21,000,000
Cap Rate: ~7.9% based on in-place NOI
Net Operating Income (NOI):
Bldg 1: $592,098
Bldg 2: $509,062
Bldg 3:~$545,000 (est.)
Total Portfolio NOI: ~$1,646,000+
Occupancy: 100% across all buildings
Unit Mix: Primarily 1-4 bedroom rent-stabilized its
Condition: Average-to-good with steady in-place income
Zoning: R5 / R6B – strong long-term hold upside.
To view please call or text me at show contact info

post id: 7868658222

posted: 2025-07-25 23:30



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