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$ 1,300,000
Est. payment | /mo
10 Beds
4 Baths
3,198 SqFt
$ 1,300,000
Est. payment | /mo
10 Beds
4 Baths
3,198 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,198 sqft
Price per Sqft $406
MLS Listing ID 11908757
Style Mid-rise
Bedrooms 10
Full Baths 4
Year Built 1930
Annual Tax Amount $12,358
Property Description
105 Rockaway Parkway, Brooklyn, NY 11212 Exceptional 4-Unit Multifamily Investment | Over 12% Pro Forma Cap Rate Outstanding opportunity to acquire a well-maintained 4-unit multifamily building in the heart of Brownsville, Brooklyn. This income-producing asset offers immediate cash flow with significant upside through lease-up of the vacant units and rental increases. The property consists of: Two 2-bedroom, 1-bath apartments Two 3-bedroom, 1-bath apartments Finished basement Detached garage providing additional rental income Currently generating approximately $171,936 in annual gross income, with a projected gross income of over $190,000 annually once the vacant units are leased. Investment Highlights Projected 12.32% Cap Rate Projected NOI: $160,178 Purchase Price: $1,300,000 R6 Zoning 25' x 95' Lot Approximately 3,198 SF Building Built in 1930 Separate garage income Strong rental upside Excellent value-add opportunity Located on Rockaway Parkway, the property offers convenient access to public transportation, shopping, schools, parks, and neighborhood amenities, making it attractive to long-term tenants. Whether you're looking to expand your multifamily portfolio or complete a high-yield 1031 exchange, this property offers an excellent combination of current income, upside potential, and long-term appreciation. Contact us today for the full rent roll, expense sheet, and financial package.
Location
State NY
County 36047
Rooms
Basement Full
Dining Room 0
Kitchen Open
Exterior
Parking Features Detached
Garage Spaces 2.0
Building
Story 2
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick
NEARBY SCHOOL & BUSINESS