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733 Hinsdale St 4 Unit Apartment Building $950,000 ($237,500/Unit) 8.40% Cap Rate Brooklyn, NY 11207
Executive Summary
733 Hinsdale Street —East New York / Canarsie Border Introducing a 4-unit building ideally situated on the East New York–Canarsie border. Two apartments have been fully renovated one of which are vacant, while the remaining two offer significant upside with below-market income and strong value-add potential. Located just four blocks from the L train and steps from Breukelen Playground, this property provides convenient access to neighborhood amenities and is only 1.5 miles from the Gateway Center’s major retail corridor. A great opportunity for an investor seeking both immediate cash flow and long-term growth in a rapidly developing Brooklyn submarket.
Property Facts
| Price | $950,000 | Property Subtype | Apartment |
| Price Per Unit | $237,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.40% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 8.79 | Building Size | 3,280 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Zoning | R6 - a medium-density residential district that allows for multi-family apartment buildings, with development options | ||
| Price | $950,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| Gross Rent Multiplier | 8.79 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,280 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | R6 - a medium-density residential district that allows for multi-family apartment buildings, with development options |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Exceptionally walkable
90/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03875-0004 | Improvements Assessment | $152,100 |
| Land Assessment | $11,700 | Total Assessment | $163,800 |
Property Taxes
Parcel Number
03875-0004
Land Assessment
$11,700
Improvements Assessment
$152,100
Total Assessment
$163,800
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733 Hinsdale St
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