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44 Van Buren St
Brooklyn, NY 11221
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Close to Herbert Von King Park
- W/D in Each Unit
- 1031 Ready
- Lots of Natural Light
- Free Market
Executive Summary
44 Van Buren Street presents a rare opportunity to acquire a fully renovated four-family investment property in prime Brooklyn. Delivered in mint condition, the building offers investors a turnkey asset with strong in-place income, rent growth potential, and a new Certificate of Occupancy issued in 2015.
The property underwent a comprehensive renovation and features modern apartments with high-quality finishes, including updated kitchens, contemporary bathrooms, hardwood flooring, and modern mechanical systems. Each unit is thoughtfully designed to appeal to today’s renters while maintaining efficient layouts that maximize both livability and rental demand.
The building is currently fully occupied with stable tenancy, providing immediate cash flow. With current rents below market levels, investors have the opportunity to increase revenue over time through natural lease turnover and continued neighborhood appreciation.
The 2015 Certificate of Occupancy provides investors with additional peace of mind, reflecting the building’s modern configuration and recent upgrades.
Situated on a quiet residential block, 44 Van Buren Street benefits from excellent proximity to transportation, retail corridors, dining, and neighborhood amenities, making it an attractive location for tenants seeking convenience and accessibility within Brooklyn.
This offering represents an ideal opportunity for investors seeking a low-maintenance, stabilized multifamily asset with long-term upside potential in one of Brooklyn’s most active rental markets.
Investment Highlights
• Fully renovated 4-family building
• New Certificate of Occupancy (2015)
• Strong in-place income with rent growth potential
• Turnkey asset requiring minimal capital improvements
• Modern finishes and updated mechanical systems
• Stable tenancy with strong rental demand
• Prime Brooklyn location near transportation and neighborhood amenities
The property underwent a comprehensive renovation and features modern apartments with high-quality finishes, including updated kitchens, contemporary bathrooms, hardwood flooring, and modern mechanical systems. Each unit is thoughtfully designed to appeal to today’s renters while maintaining efficient layouts that maximize both livability and rental demand.
The building is currently fully occupied with stable tenancy, providing immediate cash flow. With current rents below market levels, investors have the opportunity to increase revenue over time through natural lease turnover and continued neighborhood appreciation.
The 2015 Certificate of Occupancy provides investors with additional peace of mind, reflecting the building’s modern configuration and recent upgrades.
Situated on a quiet residential block, 44 Van Buren Street benefits from excellent proximity to transportation, retail corridors, dining, and neighborhood amenities, making it an attractive location for tenants seeking convenience and accessibility within Brooklyn.
This offering represents an ideal opportunity for investors seeking a low-maintenance, stabilized multifamily asset with long-term upside potential in one of Brooklyn’s most active rental markets.
Investment Highlights
• Fully renovated 4-family building
• New Certificate of Occupancy (2015)
• Strong in-place income with rent growth potential
• Turnkey asset requiring minimal capital improvements
• Modern finishes and updated mechanical systems
• Stable tenancy with strong rental demand
• Prime Brooklyn location near transportation and neighborhood amenities
Property Facts Under Contract
| Price Per Unit | $648,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.51% | Building Size | 3,232 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1899 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | R6B - Medium density residential district | ||
| Price Per Unit | $648,750 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 3,232 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1899 |
| Opportunity Zone |
Yes |
| Zoning | R6B - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Property Taxes
| Parcel Number | 01795-0026 | Improvements Assessment | $353,250 |
| Land Assessment | $89,550 | Total Assessment | $442,800 |
Property Taxes
Parcel Number
01795-0026
Land Assessment
$89,550
Improvements Assessment
$353,250
Total Assessment
$442,800
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