BROOKLYN 8-BUILDINGS $39K/Unit- Multi-Family FOR SALE


Brooklyn, NY - East New York
$3,925,000 USD
516-301-0801
, Brooklyn, NY for Sale
$3,925,000 USD
Multi-Family - FOR SALE
1/7
null | 11.62% Cap Rate

BROOKLYN 8-BUILDINGS $39K/Unit-
Brooklyn, NY
East New York


HIGHLIGHTS

  • 98 Apartments + 2 Stores | Approx. 89,524 SF | Approx. $39,250/Unit | $43.84/SF

OVERVIEW

Aleph Assets LLC has been exclusively retained to offer an eight-building Brooklyn multifamily and mixed-use portfolio consisting of 98 apartments and 2 retail stores across approximately 89,524 square feet. The portfolio is strategically located throughout Ocean Hill, Crown Heights, Bedford-Stuyvesant and East New York, offering investors significant scale, strong in-place cash flow and an attractive basis in the Brooklyn multifamily market. OFFERING HIGHLIGHTS Asking Price: $3,925,000 Buildings: 8 Apartments: 98 Retail Stores: 2 Total Units: 100 Approx. Building Area: 89,524 SF Combined Operating Income: Approx. $1,342,264 Combined Operating Expenses: Approx. $886,019 Net Operating Income: Approx. $456,245 Cap Rate: Approx. 11.62% Price Per Unit: Approx. $39,250 Price Per SF: Approx. $43.84 PROPERTY ADDRESSES Ocean Hill / Crown Heights / East New York / Bedford-Stuyvesant 96-98 Rockaway Avenue, Brooklyn, NY 11233 14 Apartments + 2 Stores | Approx. 14,424 SF 2238 Pacific Street, Brooklyn, NY 11233 6 Apartments | Approx. 5,280 SF 145-147 Albany Avenue, Brooklyn, NY 11213 13 Apartments | Approx. 15,000 SF 757-767 Blake Avenue, Brooklyn, NY 11207 23 Apartments | Approx. 16,492 SF 298 Arlington Avenue, Brooklyn, NY 11208 2 Apartments | Approx. 1,328 SF 967 Putnam Avenue, Brooklyn, NY 11221 8 Apartments | Approx. 7,000 SF 1445-1447 St. Marks Avenue, Brooklyn, NY 11233 16 Apartments | Approx. 15,000 SF 408 Howard Avenue, Brooklyn, NY 11233 16 Apartments | Approx. 15,000 SF INVESTMENT OPPORTUNITY This offering provides investors with the opportunity to acquire substantial Brooklyn multifamily scale at an exceptionally attractive basis of approximately $39,250 per unit and $44 per square foot. The portfolio generates approximately $456,000 in combined NOI, producing an approximate 11.6% capitalization rate at the $3.925 million asking price. The assets consist primarily of traditional Brooklyn walk-up multifamily buildings, together with a mixed-use property containing two retail stores. Several properties are conveniently located near major subway lines and neighborhood commercial corridors. The portfolio includes properties subject to HPD HOME and other regulatory agreements, as well as certain J-51 benefits. Purchasers should independently verify all regulatory agreements, affordability restrictions, tax benefits, rent registrations, HPD obligations and related information as part of their due diligence. $3,925,000 — EXCLUSIVE OFFERING For additional information, rent rolls, regulatory information and access to the full Offering Memorandum, please contact: Moshe Melamed Head Broker Aleph Assets LLC 516-301-0801 MMelamed@AlephAssets.com

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516-301-0801

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516-301-0801

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