Log In/Sign Up
Your email has been sent.
190 Rockaway Ave 8 Unit Apartment Building $1,400,000 ($175,000/Unit) 5.33% Cap Rate Brooklyn, NY 11233
Matterport 3D Tour
Investment Highlights
- 190 Rockaway Avenue is an eight-unit, mid-rise, multifamily complex building spanning 5,600 square feet among four stories.
- Presented to the market, offering an investor stable, recurring rental income, and an excellent opportunity for long-term income growth.
- Premier public transit and foot traffic location, as public bus stops and subway stations are found on every street in this thriving area.
- Excellent Brooklyn location with strong tenant demand, evidenced by 83% of households in the 2-mile radius being renter-occupied.
- Brooklyn’s Ocean Hill neighborhood puts residents within walking distance of grocers, fast food restaurants, and local businesses.
- Units offer a cozy layout filled with natural light, while the building itself offers a full basement for additional storage space.
Executive Summary
MCM Management Solution Corp. presents the income-generating, eight-unit MFR investment opportunity at 190 Rockaway Avenue in the heart of Brooklyn, New York.
190 Rockaway Avenue offers eight two-bedroom/one-bathroom units across four stories and boasts strong historical occupancy and existing cash flow. This offering is ideal for a passive investor seeking to acquire a stabilized MFR asset in a high-renter-demand market with long-term value-add.
The Ocean Hill neighborhood of Brooklyn is a thriving, dense residential neighborhood that is popular for its relative affordability in the city while balancing accessibility and convenient transit options. While independent stores and restaurants line the neighborhood, most retailers and chain eateries line Broadway and Atlantic Avenue (immediate proximity). Grocery stores, including Key Food Supermarkets and Foodtown of Bushwick, along with fast food chains and other conveniences, cluster along Broadway (1 mile).
190 Rockaway Avenue’s demographics indicate approximately 164,940 renter-occupied households within a 2-mile radius, with an average household income exceeding $87,800. Over 55% of the realm’s renter-occupied households are one- and two-person occupied, signifying strong demand for small rental units in the immediate area.
Don’t miss the opportunity to acquire one of Brooklyn’s most in-demand assets on the market. Inquire today to learn more.
190 Rockaway Avenue offers eight two-bedroom/one-bathroom units across four stories and boasts strong historical occupancy and existing cash flow. This offering is ideal for a passive investor seeking to acquire a stabilized MFR asset in a high-renter-demand market with long-term value-add.
The Ocean Hill neighborhood of Brooklyn is a thriving, dense residential neighborhood that is popular for its relative affordability in the city while balancing accessibility and convenient transit options. While independent stores and restaurants line the neighborhood, most retailers and chain eateries line Broadway and Atlantic Avenue (immediate proximity). Grocery stores, including Key Food Supermarkets and Foodtown of Bushwick, along with fast food chains and other conveniences, cluster along Broadway (1 mile).
190 Rockaway Avenue’s demographics indicate approximately 164,940 renter-occupied households within a 2-mile radius, with an average household income exceeding $87,800. Over 55% of the realm’s renter-occupied households are one- and two-person occupied, signifying strong demand for small rental units in the immediate area.
Don’t miss the opportunity to acquire one of Brooklyn’s most in-demand assets on the market. Inquire today to learn more.
Matterport 3D Tour
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $175,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.33% | Building Size | 5,600 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R5 - A low-density residential zone allowing diverse housing like single/multi-family homes, townhouses, and apartments, with specific rules for setbacks, parking, and lot sizes. | ||
| Price | $1,400,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R5 - A low-density residential zone allowing diverse housing like single/multi-family homes, townhouses, and apartments, with specific rules for setbacks, parking, and lot sizes. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 530 |
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01567-0038 | Total Assessment | $388,350 (2026) |
| Land Assessment | $5,400 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $382,950 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
01567-0038
Land Assessment
$5,400 (2026)
Improvements Assessment
$382,950 (2026)
Total Assessment
$388,350 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
190 Rockaway Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.