137 Nelson St - Apartments FOR SALE


Brooklyn, NY 11231- Carroll Gardens
$5,500,000 USD
516-668-2987
137 Nelson St, Brooklyn, NY for Sale
$5,500,000 USD
Apartments - FOR SALE
1/18
null | 6.05% Cap Rate

137 Nelson St
Brooklyn, NY 11231
Carroll Gardens


HIGHLIGHTS

  • Free Market
  • Renovated
  • 1031 Ready
  • Fully Occupied
  • Low Vacancy
  • Exposed Brick

OVERVIEW

This fully renovated 8-unit free market building offers an exceptional opportunity to own a high-performing, low-maintenance rental asset in a prime location. Originally gut-renovated for condo conversion, the property features modern systems, quality finishes, and thoughtful layouts. Though initially intended for resale, the building was retained as a rental and has delivered years of strong, stable income with excellent tenants and professional management. What truly sets this asset apart is its remarkably low operating costs—maintenance and property taxes are significantly lower than comparable investment vehicles, enhancing overall returns. With minimal upkeep required and immediate cash flow in place, this is a rare chance to acquire a truly passive, high-upside investment in a high-demand market. Additionally, simple flexing of the 1BR units in floors 2-4 to a 2BR could drastically increase the rent roll. Here are videos of the units that depict the layout and quality of renovation. Floors 2-4 are identical.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$887 USD /SF

# OF UNITS

8

PRICE/UNIT

$687,500

CAP RATE

6.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R6B

APN/PARCEL ID

00377-0058

ASK ABOUT THIS PROPERTY

Tomer ShmuelFIND Real Estate LLCMore Info
516-668-2987

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Tomer ShmuelFIND Real Estate LLCMore Info
516-668-2987

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.