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.