1519 Dean St 4 Unit Apartment Building $1,800,000 ($450,000/Unit) 6.79% Cap Rate Brooklyn, NY 11213

1519 Dean Street is a four-unit multifamily building situated on a quiet residential block in the heart of Crown Heights, Brooklyn. The property presents a compelling value-add investment opportunity, featuring a current rent roll that sits below market levels with clear potential for rental growth. The building was gut renovated in 2017 with the addition of a 4th floor.
The building consists of four spacious three-bedroom apartments, including a ground-floor duplex with a private backyard and in-unit laundry, a rare and highly desirable configuration that enhances both tenant appeal and owner-occupant flexibility.
The duplex offers an ideal setup for an owner-occupant seeking to offset housing costs, while the remaining units provide steady rental income with the opportunity to increase rents over time as units turn over or are improved. Market projections estimate each apartment could achieve approximately $3,811 per month, highlighting the property’s strong income upside potential.
Located just moments from public transportation, neighborhood restaurants, shops, and everyday amenities, the property benefits from Crown Heights’ continued growth and strong rental demand.
1519 Dean Street represents a rare opportunity to acquire a well-located Brooklyn multifamily asset with immediate income and significant long-term upside.