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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
2BR, 2BA - 900SF
/2
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 | - |
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78-Units, 2 Brooklyn Elevator Buildings
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