106 President St 8 Unit Apartment Building $3,500,000 ($437,500/Unit) 4.50% Cap Rate Brooklyn, NY 11231

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4.6% Cap rate
Exceptional investment opportunity in one of Brooklyn’s most sought-after neighborhoods. This well-maintained mixed-use property features a Certificate of Occupancy for 8 residential units plus 1 ground-floor store and offers approximately 6,000 square feet of existing building area on a 25’ x 100’ lot with a 25’ x 60’ building footprint.
Located in an R6B zoning district with a FAR of 3, the property offers approximately 1,500 square feet of additional buildable area, presenting excellent value-add potential for future development (buyer to verify). Built in 1920, the property has no DOB or ECB violations and benefits from annual property taxes of just $22,363. Three of the residential apartments are rent stabilized, while the remaining units provide strong long-term investment potential.
Perfectly positioned with convenient transportation to Manhattan and easy access to the vibrant neighborhoods of Carroll Gardens and Red Hook, this property combines stable income, future upside, and an unbeatable location. Whether you’re an investor seeking reliable cash flow or looking for a value-add asset with development potential, 106 President Street is a rare opportunity in the heart of Brooklyn.