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Berriman Portfolio 2 Multifamily Properties Offered at $2,100,000 in Brooklyn, NY
INVESTMENT HIGHLIGHTS
- Two fully brick properties located on the same block for simplified management
- Tax-protected status for enhanced long-term profitability
- Located in East New York, a rapidly developing Brooklyn neighborhood with high rental demand
- High CAP rate providing strong cash flow and return on investment
- Convenient access to public transportation — near Shepherd Ave (A/C) and New Lots Ave (3) subway stations
- Large lot sizes offering outdoor space and potential for future development
EXECUTIVE SUMMARY
Introducing a rare opportunity to acquire two fully brick properties on the same block, offering streamlined management and long-term value in the rapidly developing East New York section of Brooklyn. Situated on oversized lots, these buildings boast strong structural integrity and tax-protected status, making them a smart hold for any investor. With a high CAP rate, these properties are already performing — and there’s still room to grow.
Located just steps from the Shepherd Ave and New Lots Ave subway stations (A, C, and 3 lines), tenants enjoy easy access to Manhattan and the rest of Brooklyn. This package is ideal for investors seeking passive income with scale, excellent transportation access, and minimal upkeep. Don’t miss this chance to secure two stable assets in a high-demand rental market.
Located just steps from the Shepherd Ave and New Lots Ave subway stations (A, C, and 3 lines), tenants enjoy easy access to Manhattan and the rest of Brooklyn. This package is ideal for investors seeking passive income with scale, excellent transportation access, and minimal upkeep. Don’t miss this chance to secure two stable assets in a high-demand rental market.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$344,476
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$344,476
|
| Taxes |
$37,727
|
| Operating Expenses |
$89,679
|
| Total Expenses |
$127,406
|
| Net Operating Income |
$217,070
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $344,476 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $344,476 |
| Taxes | |
|---|---|
| Annual | $37,727 |
| Operating Expenses | |
|---|---|
| Annual | $89,679 |
| Total Expenses | |
|---|---|
| Annual | $127,406 |
| Net Operating Income | |
|---|---|
| Annual | $217,070 |
PROPERTY FACTS
| Price | $2,100,000 | Number of Properties | 2 |
| Price / SF | $135.70 / SF | Individually For Sale | 0 |
| Cap Rate | 10.34% | Total Building Size | 15,475 SF |
| Sale Type | Investment | Total Land Area | 0.18 AC |
| Status | Active |
| Price | $2,100,000 |
| Price / SF | $135.70 / SF |
| Cap Rate | 10.34% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,475 SF |
| Total Land Area | 0.18 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 446-448 Berriman St, Brooklyn, NY 11208 | Multifamily | 8,500 SF | 1927 | - |
| 463 Berriman St, Brooklyn, NY 11208 | Multifamily | 6,975 SF | 1927 | - |
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