Log In/Sign Up
Your email has been sent.
78-Units, 2 Brooklyn Elevator Buildings 2 Multifamily Properties Offered at $15,000,000 in Brooklyn, NY
Matterport 3D Tours
Investment Highlights
- Two upgraded elevator buildings in Sheepshead Bay offer a total of 76 rent-stabilized residential units.
- Both properties are fully occupied and provide stable, reliable cash flow.
- Located near public transportation, amenities, and major thoroughfares for maximum convenience.
- The portfolio includes a 3,000 sq. ft. daycare and a 500 sq. ft. grocery store, adding commercial income.
- High tenant retention and strong rental demand make this a secure investment.
- Properties are available for purchase together or separately, offering flexible acquisition options.
Executive Summary
This two-building portfolio presents a rare opportunity to acquire well-maintained, income-producing assets in the highly desirable Sheepshead Bay neighborhood. The first property is a sunlit, six-story corner elevator building featuring 47 rent-stabilized residential units and a 3,000-square-foot daycare facility. The second is a bright and cheerful four-story elevator building with 29 rent-stabilized residential units and a 500-square-foot grocery store. Both buildings have been recently upgraded, are fully occupied, and are meticulously maintained. They offer stable income, high tenant retention, and strong rental demand in a sought-after location with convenient access to public transportation, local amenities, and major thoroughfares. The properties may be purchased together or separately, offering flexibility for investors.
Matterport 3D Tours
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $15,000,000 | Number of Properties | 2 |
| Price / SF | $164.69 / SF | Individually For Sale | 0 |
| Cap Rate | 7.30% | Total Building Size | 91,079 SF |
| Sale Type | Investment | Total Land Area | 0.46 AC |
| Status | Active |
| Price | $15,000,000 |
| Price / SF | $164.69 / SF |
| Cap Rate | 7.30% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 91,079 SF |
| Total Land Area | 0.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2113 Avenue V, Brooklyn, NY 11229 | Multifamily | 46,199 SF | 1932 | - |
| 2249 E 21st St, Brooklyn, NY 11229 | Multifamily | 44,880 SF | 1939 | - |
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
Presented by
78-Units, 2 Brooklyn Elevator Buildings
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.