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297 Hinsdale St
Brooklyn, NY 11207
Multifamily Property For Sale · 2 Units

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INVESTMENT HIGHLIGHTS

  • Fully occupied with current tenants paying market rents
  • Lots of natural light, exposed brick walls, new appliances
  • Gut renovated in 2020 - low maintenance

EXECUTIVE SUMMARY

Welcome to 297 Hinsdale St, a beautifully gut renovated two-family townhouse, perfect for investors. Currently it is FULLY OCCUPIED with a 5.2% cap rate, ideal for a 1031 exchange.
Unit 1 - $3,400 - the lease ends July 1, 2026
Unit 2 - $2,920 - the lease ends May 1, 2026
Renovated in 2020, this property seamlessly blends modern amenities with classic charm.
Apartment 1 includes the main floor and a fully finished basement with a separate entrance. The main level is bathed in natural light from full-height windows, highlighting the exquisite hardwood floors and generous closet space. This level also features a full bathroom, an ensuite bedroom, and a versatile second bedroom. Step outside to enjoy the east-facing garden, complete with a raised deck perfect for entertaining and a garden area . The basement level enhances the owner's living space with a washer and dryer, a half bathroom, and a spacious utility area with several rooms that have been added.
The upper-level apartment offers three spacious bedrooms, including one ensuite, and a second full bathroom. The open-plan kitchen and living area, complemented by ample closet space and an in-unit washer and dryer for convenience.
Both kitchens are equipped with premium appliances, including a Samsung stove, Whirlpool refrigerator, and Frigidaire dishwasher.
This home is equipped with a vented split system for heating and air conditioning, ensuring year-round comfort.
Located just four minutes away from the L stop at Sutter Avenue Station.
WILL BE DELIVERED FULLY OCCUPIED!
Contact us today to view this wonderful home!

PROPERTY FACTS

Price Per Unit $497,500
Sale Type Investment
Cap Rate 5.70%
Sale Condition 1031 Exchange
Gross Rent Multiplier 13
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Townhome
Lot Size 0.05 AC
Building Size 3,000 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1930/2020
Opportunity Zone Yes
Zoning R6 - Medium density residential district

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Yard
  • Basement
  • Breakfast Nook
  • Deck
  • Garden
  • Instant Hot Water
  • Linen Closet
  • Skylights
  • Smoke Free
  • Quartz Countertops

SITE AMENITIES

  • Public Transportation
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2.5 1 $3,400 1,000 - 2,000
3+2 2 $2,920 1,000
  • Listing ID: 37920749

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: 297 Hinsdale St, Brooklyn, NY 11207

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