BROOKLYN 8-BUILDINGS $39K/Unit- 8 Multifamily Properties Offered at $3,925,000 in Brooklyn, NY

Aleph Assets LLC has been exclusively retained to offer an eight-building Brooklyn multifamily and mixed-use portfolio consisting of 98 apartments and 2 retail stores across approximately 89,524 square feet.
The portfolio is strategically located throughout Ocean Hill, Crown Heights, Bedford-Stuyvesant and East New York, offering investors significant scale, strong in-place cash flow and an attractive basis in the Brooklyn multifamily market.
OFFERING HIGHLIGHTS
Asking Price: $3,925,000
Buildings: 8
Apartments: 98
Retail Stores: 2
Total Units: 100
Approx. Building Area: 89,524 SF
Combined Operating Income: Approx. $1,342,264
Combined Operating Expenses: Approx. $886,019
Net Operating Income: Approx. $456,245
Cap Rate: Approx. 11.62%
Price Per Unit: Approx. $39,250
Price Per SF: Approx. $43.84
PROPERTY ADDRESSES
Ocean Hill / Crown Heights / East New York / Bedford-Stuyvesant
96-98 Rockaway Avenue, Brooklyn, NY 11233
14 Apartments + 2 Stores | Approx. 14,424 SF
2238 Pacific Street, Brooklyn, NY 11233
6 Apartments | Approx. 5,280 SF
145-147 Albany Avenue, Brooklyn, NY 11213
13 Apartments | Approx. 15,000 SF
757-767 Blake Avenue, Brooklyn, NY 11207
23 Apartments | Approx. 16,492 SF
298 Arlington Avenue, Brooklyn, NY 11208
2 Apartments | Approx. 1,328 SF
967 Putnam Avenue, Brooklyn, NY 11221
8 Apartments | Approx. 7,000 SF
1445-1447 St. Marks Avenue, Brooklyn, NY 11233
16 Apartments | Approx. 15,000 SF
408 Howard Avenue, Brooklyn, NY 11233
16 Apartments | Approx. 15,000 SF
INVESTMENT OPPORTUNITY
This offering provides investors with the opportunity to acquire substantial Brooklyn multifamily scale at an exceptionally attractive basis of approximately $39,250 per unit and $44 per square foot.
The portfolio generates approximately $456,000 in combined NOI, producing an approximate 11.6% capitalization rate at the $3.925 million asking price.
The assets consist primarily of traditional Brooklyn walk-up multifamily buildings, together with a mixed-use property containing two retail stores. Several properties are conveniently located near major subway lines and neighborhood commercial corridors.
The portfolio includes properties subject to HPD HOME and other regulatory agreements, as well as certain J-51 benefits. Purchasers should independently verify all regulatory agreements, affordability restrictions, tax benefits, rent registrations, HPD obligations and related information as part of their due diligence.
$3,925,000 — EXCLUSIVE OFFERING
For additional information, rent rolls, regulatory information and access to the full Offering Memorandum, please contact:
Moshe Melamed
Head Broker
Aleph Assets LLC
516-301-0801
MMelamed@AlephAssets.com