780 Livonia Ave - Apartments FOR SALE


Brooklyn, NY 11207- East New York
$3,700,000 USD
516-658-1222
780 Livonia Ave, Brooklyn, NY for Sale
$3,700,000 USD
Apartments - FOR SALE
1/4
null | 8.12% Cap Rate

780 Livonia Ave
Brooklyn, NY 11207
East New York


HIGHLIGHTS

  • Fully occupied multifamily building with 16 apartments
  • 16 units; (14) 1 bedrooms, (2) Studios
  • Built in 2016 – 421a tax abatement in place until 2031
  • Below Market Rents
  • Low taxes; only $489 for 2026/2027
  • Located in front of the 3 Train Van Siclen Avenue

OVERVIEW

Landair Property Advisors has been exclusively retained to sell 778–780 Livonia Avenue, two fully occupied 8-unit multifamily buildings in East New York, Brooklyn. Built in 2016 and located just one minute from the Van Siclen Avenue (3 Train), the property consists of 14 one-bedroom apartments and 2 studios featuring modern layouts and efficient construction. Tenants pay their own heat, contributing to a controlled expense profile and strong in-place cash flow. The buildings are fully rent stabilized and benefit from a 421a tax abatement through 2031, while also being protected under Tax Class 2B. Annual taxes are just $489, providing exceptional operating leverage and predictable long term tax treatment. With a current NOI of $300,263, the property is offered at $3,700,000, representing an 8.1% cap rate and $231,250 per unit. The offering provides investors with a stabilized, post-2008 construction asset delivering durable income, minimal near-term capital exposure, and long-term tax certainty in a transit-oriented Brooklyn location.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

16

PRICE/UNIT

$231,250

CAP RATE

8.12%

% 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

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

04088-0019

ASK ABOUT THIS PROPERTY

Anand MelwaniLandair AdvisorsMore Info
516-658-1222

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Anand MelwaniLandair AdvisorsMore Info
516-658-1222

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