208 Sumpter St - Apartments FOR SALE


Brooklyn, NY 11233- Ocean Hill
$1,750,000 USD
347-334-2927
208 Sumpter St, Brooklyn, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/5
null | 5.8% Cap Rate

208 Sumpter St
Brooklyn, NY 11233
Ocean Hill


OVERVIEW

Outstanding investment opportunity in the heart of Brooklyn! This well-maintained 8-family brick building features eight spacious 3-bedroom apartments, offering a rare and highly desirable unit mix. Pride of ownership is evident throughout the property, which has been carefully maintained and is in excellent condition. The building generates strong and stable rental income with an estimated annual gross income of approximately $138,609 and an estimated NOI of $101,235. At the asking price of $1,750,000, the property offers an attractive estimated 5.8% cap rate, making it an exceptional addition to any investment portfolio. Situated on a prime residential block, the property is conveniently located near public transportation, schools, shopping, restaurants, parks, and major thoroughfares. The neighborhood continues to experience strong rental demand, contributing to the property's long-term investment appeal. Property Features: 8-Family Brick Building, Eight Large 3-Bedroom Apartments, Excellent Building Condition, Strong Income-Producing Asset, Approximate Annual Gross Income: $138,609.Estimated NOI: $101,235Approximate 5.8% Cap Rate Desirable Brooklyn Location Close to Subway, Bus Lines, Shopping, Dining, and Schools Ideal for Investors Seeking Stable Cash Flow A rare opportunity to acquire a turnkey multifamily property with strong financials, excellent occupancy history, and a highly sought-after location in Brooklyn. Whether expanding an existing portfolio or completing a 1031 exchange, this property offers immediate income and long-term value.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

5.8%

% LEASED

-

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

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

01526-0004

ASK ABOUT THIS PROPERTY

Sida ZhuomaCharles Rutenberg Realty, Inc.More Info
347-334-2927

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Sida ZhuomaCharles Rutenberg Realty, Inc.More Info
347-334-2927

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