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2278 Strauss St - Fully Renovated 2-Story Multifamily Building 4 Unit Apartment Building Offered at $1,400,000 at a 7.59% Cap Rate Brooklyn, NY 11212
INVESTMENT HIGHLIGHTS
- Fully renovated two-story multifamily building consisting of four residential units, located in the Brownsville neighborhood of Brooklyn.
- The four residential units consist of three 3-bedrooms and one 2- bedroom.
- Originally built in 1930 and fully renovated in 2022, the property is built 2,920 square feet with an additional 2,470 buildable square feet.
- Conveniently located near Sutter Avenue–Rutland Road Station and Rockaway Avenue Station on the 3 subway line.
EXECUTIVE SUMMARY
Asset CRG Advisors, LLC, has been exclusively retained to market 2278 Strauss Street, a fully renovated two-story multifamily building consisting of four residential units, located in the Brownsville neighborhood of Brooklyn.
Originally built in 1930 and fully renovated in 2022, the property is built with 2,920 square feet with an additional 2,470 buildable square feet, offering a stable multifamily footprint with potential for long-term income and value enhancement.
The four residential units consist of three 3-bedrooms and one 2-bedroom. The property benefits from convenient transit access near the Sutter Avenue– Rutland Road Station and Rockaway Avenue Station, providing service via the 3 subway line. Proximity to local retail corridors, community facilities, and public transportation enhances the asset’s appeal for tenants and investors alike, making it a compelling opportunity in an evolving Brooklyn market.
Originally built in 1930 and fully renovated in 2022, the property is built with 2,920 square feet with an additional 2,470 buildable square feet, offering a stable multifamily footprint with potential for long-term income and value enhancement.
The four residential units consist of three 3-bedrooms and one 2-bedroom. The property benefits from convenient transit access near the Sutter Avenue– Rutland Road Station and Rockaway Avenue Station, providing service via the 3 subway line. Proximity to local retail corridors, community facilities, and public transportation enhances the asset’s appeal for tenants and investors alike, making it a compelling opportunity in an evolving Brooklyn 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | No. Units | 4 |
| Price Per Unit | $350,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,920 SF |
| Cap Rate | 7.59% | No. Stories | 2 |
| Gross Rent Multiplier | 10.57 | Year Built | 2022 |
| Zoning | R6 - Zoning District: R6 — a medium-density residential zoning district in New York City. | ||
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| Gross Rent Multiplier | 10.57 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,920 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | R6 - Zoning District: R6 — a medium-density residential zoning district in New York City. |
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Walk Score®
Very Walkable (86)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 03608-0043 | Improvements Assessment | $169,200 |
| Land Assessment | $22,500 | Total Assessment | $191,700 |
PROPERTY TAXES
Parcel Number
03608-0043
Land Assessment
$22,500
Improvements Assessment
$169,200
Total Assessment
$191,700
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2278 Strauss St - Fully Renovated 2-Story Multifamily Building
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