99 Dumont Ave - Multi-Family FOR SALE


Brooklyn, NY 11212- Brownsville | 
$10,000,000 USD
99 Dumont Ave, Brooklyn, NY for Sale
$10,000,000 USD
Multi-Family - FOR SALE
1/1
null | 9.3% Cap Rate

99 Dumont Ave
Brooklyn, NY 11212
Brownsville


HIGHLIGHTS

  • Two newly constructed, walk-up multifamily properties in Brooklyn, comprising 19 total residential units.
  • 99 Dumont Ave: Four-story, 10-unit residential building totaling approximately 6,161 SF and completed in 2025.
  • 499 Pennsylvania Ave: Four-story, 9-unit multifamily building totaling approximately 7,190 SF and completed in 2025.
  • Both properties are fully occupied and income-producing, offering immediate in-place cash flow.
  • Both properties benefit from a 421-a tax exemption through 2061, providing significant long-term tax savings.
  • Located near Saratoga Avenue Station (3 trains) and Pennsylvania Avenue Station (3 trains).

OVERVIEW

Asset CRG Advisors, LLC has been exclusively retained to market 99 Dumont Ave & 499 Pennsylvania Ave, two newly constructed, walk-up multifamily properties in Brooklyn, comprising 19 total residential units. 99 Dumont Ave: Four-story, 10-unit residential building totaling approximately 6,161 SF and completed in 2025. 499 Pennsylvania Ave: Four-story, 9-unit multifamily building totaling approximately 7,190 SF and completed in 2025. Both properties are fully occupied and income-producing, offering immediate in-place cash flow. Both properties benefit from a 421-a tax exemption through 2061, providing significant long-term tax savings. Conveniently located near Saratoga Avenue Station (3 trains) and Pennsylvania Avenue Station (3 trains), providing convenient access throughout Brooklyn and to Manhattan.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$1,623 USD /SF

# OF UNITS

19

PRICE/UNIT

$526,316

CAP RATE

9.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

99 Dumont Ave & 499 Pennsylvania Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,500 SF

ZONING

R6, C1-3 & C2-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info

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