![[Sunset Park Real Estate, listing number 3335238]](https://www.vlshomes.com/images/full/3335238a.jpg)
| Description: 3335238 | |
| Attention property investorsâ??this is a rare opportunity you donâ??t want to miss. This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside. Each floor consists of: â?¢ Front unit: 1-bedroom â?¢ Rear unit: 2-bedroom The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs. Financial Highlights: â?¢ Current Net Operating Income (NOI): $349,906 annually â?¢ Cap Rate: 6.6% â?¢ Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually Key Features: â?¢ Tenants pay all utilities, including heat and hot water â?¢ Low operating expenses â?¢ Strong, stable income stream with additional upside Location: Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklynâ??s most desirable | |
Details: |
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| Families: | 12 | |
| Property Type: | Multi-Family | |
Financials: |
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| Price: | $5,300,000 | |
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