1519 Dean St - Apartments FOR SALE


Brooklyn, NY 11213- Crown Heights
$1,800,000 USD
347-243-8776
1519 Dean St, Brooklyn, NY for Sale
$1,800,000 USD
Apartments - FOR SALE
1/7
null | 6.79% Cap Rate

1519 Dean St
Brooklyn, NY 11213
Crown Heights


HIGHLIGHTS

  • GUT RENOVATED IN 2017
  • Indvidually Metered
  • Light Value Add to 8% CAP!
  • 4 x 3 bedroom apts

OVERVIEW

1519 Dean Street is a four-unit multifamily building situated on a quiet residential block in the heart of Crown Heights, Brooklyn. The property presents a compelling value-add investment opportunity, featuring a current rent roll that sits below market levels with clear potential for rental growth. The building was gut renovated in 2017 with the addition of a 4th floor. The building consists of four spacious three-bedroom apartments, including a ground-floor duplex with a private backyard and in-unit laundry, a rare and highly desirable configuration that enhances both tenant appeal and owner-occupant flexibility. The duplex offers an ideal setup for an owner-occupant seeking to offset housing costs, while the remaining units provide steady rental income with the opportunity to increase rents over time as units turn over or are improved. Market projections estimate each apartment could achieve approximately $3,811 per month, highlighting the property’s strong income upside potential. Located just moments from public transportation, neighborhood restaurants, shops, and everyday amenities, the property benefits from Crown Heights’ continued growth and strong rental demand. 1519 Dean Street represents a rare opportunity to acquire a well-located Brooklyn multifamily asset with immediate income and significant long-term upside.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

4

PRICE/UNIT

$450,000

CAP RATE

6.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R6

APN/PARCEL ID

01340-0063

ASK ABOUT THIS PROPERTY

Sully KleinReal StreetMore Info
347-243-8776

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

Sully KleinReal StreetMore Info
347-243-8776

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