Log In/Sign Up
Your email has been sent.
1935 Bergen St 16 Unit Apartment Building $4,480,000 ($280,000/Unit) 8.29% Cap Rate Brooklyn, NY 11233
Investment Highlights
- 14 Fully renovated, free market apartments
Executive Summary
High-Cap-Rate 16-Unit Investment Opportunity at 1935 Bergen Street, Brooklyn
Excellent opportunity to acquire a high-cap-rate, 16-unit multifamily building in Brooklyn featuring 14 fully renovated, free-market apartments.
The renovated units offer modern kitchens and bathrooms, new flooring, exposed brick details, and attractive contemporary finishes. Each apartment has separate utilities, with tenants responsible for their own utility costs, helping reduce operating expenses and support a strong net operating income.
With 14 free-market apartments, extensive renovations already completed, limited immediate capital improvement needs, and strong income potential, this property represents an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation in the Brooklyn multifamily market.
Excellent opportunity to acquire a high-cap-rate, 16-unit multifamily building in Brooklyn featuring 14 fully renovated, free-market apartments.
The renovated units offer modern kitchens and bathrooms, new flooring, exposed brick details, and attractive contemporary finishes. Each apartment has separate utilities, with tenants responsible for their own utility costs, helping reduce operating expenses and support a strong net operating income.
With 14 free-market apartments, extensive renovations already completed, limited immediate capital improvement needs, and strong income potential, this property represents an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation in the Brooklyn multifamily market.
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 | $4,480,000 | Building Class | C |
| Price Per Unit | $280,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 16,020 SF |
| Cap Rate | 8.29% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2018 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6 - Multi Family Dwelling | ||
| Price | $4,480,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 8.29% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 16,020 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2018 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Multi Family Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 16 | - | 750 |
1 1
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01446-0046 | Total Assessment | $484,200 (2026) |
| Land Assessment | $108,450 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $375,750 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
01446-0046
Land Assessment
$108,450 (2026)
Improvements Assessment
$375,750 (2026)
Total Assessment
$484,200 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
1935 Bergen St