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6 unit RS walk up 542 Bergen St 6 Unit Apartment Building $2,300,000 ($383,333/Unit) 1.64% Cap Rate Brooklyn, NY 11217
INVESTMENT HIGHLIGHTS
- Block away from Barclays Center.
EXECUTIVE SUMMARY
542 Bergen Street, a rare six-unit multifamily opportunity located in the heart of Prospect Heights, Brooklyn. This handsome property spans 5,652 square feet on a 25' x 131' lot and features six well-proportioned three-bedroom, one-bathroom apartments. Each unit is separately metered for gas and electric, providing convenience and efficiency for both ownership and tenants.
The building has been meticulously maintained, boasting a newly replaced roof (2023), a reliable boiler and hot water heater, and a full basement with utilities. Modern conveniences include a comprehensive security camera system with eight cameras throughout. At the rear, residents enjoy a spacious shared yard, an increasingly rare amenity in this neighborhood, perfect for relaxation and gatherings.
?Set in vibrant Prospect Heights, this property offers the perfect blend of historic charm and modern city living. Just minutes from Barclays Center, residents are surrounded by a dynamic mix of world-class restaurants, trendy cafés, boutique shops, and cultural landmarks. The neighborhood is also known for its tree-lined blocks, stunning brownstones, and welcoming community atmosphere. With excellent subway access nearby, commuting to Manhattan and other parts of Brooklyn is effortless.
The building has been meticulously maintained, boasting a newly replaced roof (2023), a reliable boiler and hot water heater, and a full basement with utilities. Modern conveniences include a comprehensive security camera system with eight cameras throughout. At the rear, residents enjoy a spacious shared yard, an increasingly rare amenity in this neighborhood, perfect for relaxation and gatherings.
?Set in vibrant Prospect Heights, this property offers the perfect blend of historic charm and modern city living. Just minutes from Barclays Center, residents are surrounded by a dynamic mix of world-class restaurants, trendy cafés, boutique shops, and cultural landmarks. The neighborhood is also known for its tree-lined blocks, stunning brownstones, and welcoming community atmosphere. With excellent subway access nearby, commuting to Manhattan and other parts of Brooklyn is effortless.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$81,052
|
$14.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,052
|
$14.34
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$43,360
|
$7.67
|
| Net Operating Income |
$37,692
|
$6.67
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $81,052 |
| Annual Per SF | $14.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,052 |
| Annual Per SF | $14.34 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $43,360 |
| Annual Per SF | $7.67 |
| Net Operating Income | |
|---|---|
| Annual | $37,692 |
| Annual Per SF | $6.67 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Yard
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 01143-0042 | Improvements Assessment | $1,235,700 (2025) |
| Land Assessment | $12,600 (2025) | Total Assessment | $1,248,300 (2025) |
PROPERTY TAXES
Parcel Number
01143-0042
Land Assessment
$12,600 (2025)
Improvements Assessment
$1,235,700 (2025)
Total Assessment
$1,248,300 (2025)
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6 unit RS walk up | 542 Bergen St
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