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1026 66th St
Brooklyn, NY 11219
1026 66 Street · Multifamily Property For Sale
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6 Units
Investment Highlights
- Five free-market units and one rent-stabilized unit
- Available individually or with neighboring 1028 66th Street
- Projected 5.77% cap rate at market rents
Executive Summary
1026 66th Street is a six-unit multifamily investment opportunity located in Borough Park, Brooklyn. The property consists of five free-market units and one rent-stabilized unit, providing significant upside through lease turnover and rent growth. One apartment is currently vacant and ready for immediate lease-up. Current income supports a 4.86% cap rate, with a projected cap rate approaching 5.9% based on achievable market rents. The neighboring property, 1028 66th Street, is also available for sale individually or as a portfolio, offering investors the opportunity to acquire 12 units with enhanced scale and future income potential
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 590 |
| 2+1 | 2 | - | 650 |
Property Taxes
| Parcel Number | 05758-0016 | Improvements Assessment | $633,600 |
| Land Assessment | $8,100 | Total Assessment | $641,700 |
Property Taxes
Parcel Number
05758-0016
Land Assessment
$8,100
Improvements Assessment
$633,600
Total Assessment
$641,700
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