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$ 1,250,000
Est. payment | /mo
10 Beds
4 Baths
3,075 SqFt
$ 1,250,000
Est. payment | /mo
10 Beds
4 Baths
3,075 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,075 sqft
Price per Sqft $406
MLS Listing ID 11908939
Style Mid-rise
Bedrooms 10
Full Baths 4
Year Built 1930
Annual Tax Amount $9,943
Property Description
Value-Add 4-Unit Multifamily Investment | Over 10.6% Pro Forma Cap Rate Don't miss this outstanding opportunity to acquire a 4-unit multifamily building in the rapidly evolving Brownsville neighborhood of Brooklyn. This income-producing asset offers immediate cash flow with substantial upside through leasing and rental growth. The property features: Three 2-bedroom, 1-bath apartments One 3-bedroom, 1-bath apartment Finished basement generating additional income The building is currently producing approximately $137,556 in annual gross income, with the potential to increase to over $160,000 annually based on projected rents. Investment Highlights Projected 10.65% Cap Rate Projected NOI: $133,124 Purchase Price: $1,250,000 R6 Zoning 25' x 100' Lot Approximately 3,075 SF Building Built in 1930 Stable tenant base with government-assisted rental programs Excellent value-add opportunity through lease-up and rent optimization Ideally situated on Osborn Street, the property is conveniently located near public transportation, schools, shopping, parks, and neighborhood amenities, providing strong long-term rental demand. Whether you're an experienced investor or expanding your multifamily portfolio, 643 Osborn Street presents an exceptional opportunity to acquire a solid Brooklyn asset with immediate income and significant upside potential. Contact us today for the complete financial package, rent roll, and to schedule a private tour.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen Open
Exterior
Parking Features Detached
Building
Story 2
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick
NEARBY SCHOOL & BUSINESS