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2539 Church Avenue 2539 Church Ave 8 Unit Apartment Building $1,550,000 ($193,750/Unit) 7.56% Cap Rate Brooklyn, NY 11226
Investment Highlights
- Located in the high-demand Flatbush / East Flatbush corridor
- Ideal for both seasoned investors and 1031 exchange buyers
- Value-add Investment Opportunity
- Strong rental market with consistent tenant demand
- 4 Story, 8 Unit Multi-family
- Delivered with 3 vacant units
Executive Summary
Reposition to the Market. Exceptional Value at 1.55M. "8-Unit Brooklyn Multi-Family – 3 Vacant Units = Immediate Cash Flow!” Spacious 8-unit multifamily building located in the heart of Flatbush on bustling Church Avenue. This well-positioned property features a strong unit mix and excellent upside potential, making it ideal for both seasoned investors and end-users. The building will be delivered with three vacant units, offering immediate opportunity for market-rate rents or owner occupancy. Situated near public transportation, shopping, dining, and major thoroughfares, this is a prime Brooklyn investment in a high-demand rental corridor.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$166,332
|
$10.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$166,332
|
$10.55
|
| Taxes |
$21,204
|
$1.34
|
| Operating Expenses |
$27,696
|
$1.76
|
| Total Expenses |
$48,900
|
$3.10
|
| Net Operating Income |
$117,432
|
$7.45
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $166,332 |
| Annual Per SF | $10.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $166,332 |
| Annual Per SF | $10.55 |
| Taxes | |
|---|---|
| Annual | $21,204 |
| Annual Per SF | $1.34 |
| Operating Expenses | |
|---|---|
| Annual | $27,696 |
| Annual Per SF | $1.76 |
| Total Expenses | |
|---|---|
| Annual | $48,900 |
| Annual Per SF | $3.10 |
| Net Operating Income | |
|---|---|
| Annual | $117,432 |
| Annual Per SF | $7.45 |
Property Facts
| Price | $1,550,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $193,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.56% | Building Size | 15,773 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Residential Zoning – Multifamily Use | ||
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 15,773 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6 - Residential Zoning – Multifamily Use |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,085,400 | |
| Land Assessment | $18,000 | Annual Taxes | $21,204 ($1.34/SF) |
| Improvements Assessment | $1,067,400 | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$18,000
Improvements Assessment
$1,067,400
Total Assessment
$1,085,400
Annual Taxes
$21,204 ($1.34/SF)
Tax Year
2026
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COSMO GROUP REALTY
2539 Church Avenue | 2539 Church Ave
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