190 Rockaway Ave - Apartments FOR SALE


Brooklyn, NY 11233- Ocean Hill
$1,400,000 USD
551-212-8935
190 Rockaway Ave, Brooklyn, NY for Sale
$1,400,000 USD
Apartments - FOR SALE
1/22
null | 5.33% Cap Rate

190 Rockaway Ave
Brooklyn, NY 11233
Ocean Hill


HIGHLIGHTS

  • 190 Rockaway Avenue is an eight-unit, mid-rise, multifamily complex building spanning 5,600 square feet among four stories.
  • Excellent Brooklyn location with strong tenant demand, evidenced by 83% of households in the 2-mile radius being renter-occupied.
  • Presented to the market, offering an investor stable, recurring rental income, and an excellent opportunity for long-term income growth.
  • Brooklyn’s Ocean Hill neighborhood puts residents within walking distance of grocers, fast food restaurants, and local businesses.
  • Premier public transit and foot traffic location, as public bus stops and subway stations are found on every street in this thriving area.
  • Units offer a cozy layout filled with natural light, while the building itself offers a full basement for additional storage space.

OVERVIEW

MCM Management Solution Corp. presents the income-generating, eight-unit MFR investment opportunity at 190 Rockaway Avenue in the heart of Brooklyn, New York. 190 Rockaway Avenue offers eight two-bedroom/one-bathroom units across four stories and boasts strong historical occupancy and existing cash flow. This offering is ideal for a passive investor seeking to acquire a stabilized MFR asset in a high-renter-demand market with long-term value-add. The Ocean Hill neighborhood of Brooklyn is a thriving, dense residential neighborhood that is popular for its relative affordability in the city while balancing accessibility and convenient transit options. While independent stores and restaurants line the neighborhood, most retailers and chain eateries line Broadway and Atlantic Avenue (immediate proximity). Grocery stores, including Key Food Supermarkets and Foodtown of Bushwick, along with fast food chains and other conveniences, cluster along Broadway (1 mile). 190 Rockaway Avenue’s demographics indicate approximately 164,940 renter-occupied households within a 2-mile radius, with an average household income exceeding $87,800. Over 55% of the realm’s renter-occupied households are one- and two-person occupied, signifying strong demand for small rental units in the immediate area. Don’t miss the opportunity to acquire one of Brooklyn’s most in-demand assets on the market. Inquire today to learn more.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

8

PRICE/UNIT

$175,000

CAP RATE

5.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5

APN/PARCEL ID

01567-0038

ASK ABOUT THIS PROPERTY

Nina CohenMCM Management Solution Corp.More Info
551-212-8935

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Nina CohenMCM Management Solution Corp.More Info
551-212-8935

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