Building Overview Set in the heart of Gowanus, Brooklyn, 19 Denton Place is a three-story, 3,233-square-foot multifamily building that offers investors a fully repositioned, income-producing asset just blocks from the neighborhood's rapidly transforming waterfront. The five-unit property is entirely free-market, comprising one two-bedroom, two one- bedrooms, and two studios, with no rent-stabilized units to manage around. Set on a 20' x 90' lot with M1-4/R6B zoning, the building offers investors a rare combination of stability and near-term upside in one of Brooklyn's most actively redeveloping submarkets. Fresh Renovations 19 Denton Place offers investors the chance to acquire a fully free-market, recently renovated multifamily asset in Gowanus. Units feature updated kitchens with white shaker cabinetry, stainless steel appliances, and in-unit washer/dryers, along with renovated bathrooms, refinished flooring, updated lighting, and freshly painted interiors throughout. These upgrades allow the building to command strong, top-of-market free-market rents while minimizing near-term capital needs for a new owner, positioning the asset as a turnkey acquisition rather than a heavy value-add project. Rent Roll Upside Actual in-place rents average $3,880 per month per unit, anchored by a two-bedroom currently renting for $5,500 per month. Three of the five units are currently vacant, giving a new owner the ability to bring them online at market rents immediately upon acquisition without the need to wait out an existing lease. This vacancy also unlocks unique redevelopment potential in one of Brooklyn’s most sought-after residential redevelopment pockets. Under pro forma assumptions, driven by mark-to-market increases on the building's one-bedroom and two-bedroom units, monthly residential revenue grows from $18,900 to $21,400, taking annual gross residential revenue from $226,800 to $256,800. Operating at a disciplined expense ratio of roughly 10% of effective gross income, 19 Denton Place delivers both dependable in-place cash flow and clear, achievable upside. The asset produces a 6.2% current cap rate, with pro forma projections, driven by the mark-to-market of in-place units and lease-up of the three vacant apartments, reflecting a 6.8% cap rate and meaningful growth in net operating income, from $203,475 today to $225,498 on a pro forma basis, with three vacant units ready for immediate lease-up and two additional units still priced below prevailing market rents, 19 Denton Place offers a clear, near-term path to realizing its full income potential.