78-Units, 2 Brooklyn Elevator Buildings Multi-Family FOR SALE


Brooklyn, NY - Sheepshead Bay
$18,000,000 USD
877-713-6010
, Brooklyn, NY for Sale
$18,000,000 USD
Multi-Family - FOR SALE
1/22
null | 6.17% Cap Rate

78-Units, 2 Brooklyn Elevator Buildings
Brooklyn, NY
Sheepshead Bay


HIGHLIGHTS

  • Two upgraded elevator buildings in Sheepshead Bay offer a total of 76 rent-stabilized residential units.
  • The portfolio includes a 1,000 sq. ft. daycare and a 500 sq. ft. grocery store, adding commercial income.
  • Both properties are fully occupied and provide stable, reliable cash flow.
  • High tenant retention and strong rental demand make this a secure investment.
  • Located near public transportation, amenities, and major thoroughfares for maximum convenience.
  • Properties are available for purchase together or separately, offering flexible acquisition options.

OVERVIEW

This two-building portfolio presents a rare opportunity to acquire well-maintained, income-producing assets in the highly desirable Sheepshead Bay neighborhood. The first property is a sunlit, six-story corner elevator building featuring 47 rent-stabilized residential units and a 1,000-square-foot daycare facility. The second is a bright and cheerful four-story elevator building with 29 rent-stabilized residential units and a 500-square-foot grocery store. Both buildings have been recently upgraded, are fully occupied, and are meticulously maintained. They offer stable income, high tenant retention, and strong rental demand in a sought-after location with convenient access to public transportation, local amenities, and major thoroughfares. The properties may be purchased together or separately, offering flexibility for investors.

ASK ABOUT THIS PROPERTY

Andrew LichtensteinAndrew Lichtenstein, Inc. d.b.a. LichtensteinREMore Info
877-713-6010

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Andrew LichtensteinAndrew Lichtenstein, Inc. d.b.a. LichtensteinREMore Info
877-713-6010

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