208 Sumpter Street,Brooklyn, NY 11233
Brooklyn, NY 11233
Description
Outstanding investment opportunity in the heart of Brooklyn! This well-maintained 8-family brick building features eight spacious 3-bedroom apartments, offering a rare and highly desirable unit mix. Pride of ownership is evident throughout the property, which has been carefully maintained and is in excellent condition.The building generates strong and stable rental income with an estimated annual gross income of approximately $138,609 and an estimated NOI of $101,235. At the asking price of $1,750,000, the property offers an attractive estimated 5.8% cap rate, making it an exceptional addition to any investment portfolio.Situated on a prime residential block, the property is conveniently located near public transportation, schools, shopping, restaurants, parks, and major thoroughfares. The neighborhood continues to experience strong rental demand, contributing to the property's long-term investment appeal.Property Features: 8-Family Brick Building,Eight Large 3-Bedroom Apartments, Excellent Building Condition, Strong Income-Producing Asset,Approximate Annual Gross Income: $138,609.Estimated NOI: $101,235Approximate 5.8% Cap Rate Desirable Brooklyn Location Close to Subway, Bus Lines, Shopping, Dining, and Schools Ideal for Investors Seeking Stable Cash FlowA rare opportunity to acquire a turnkey multifamily property with strong financials, excellent occupancy history, and a highly sought-after location in Brooklyn. Whether expanding an existing portfolio or completing a 1031 exchange, this property offers immediate income and long-term value.
Details
| MLS # | 1016375 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 85 |
| Listing Provided By | Sida Realty Group Inc | Sida Zhuoma CBR |
Features
| SQ Feet | 8,137 |
|---|---|
| Basement | Y |
| Units | 8 |
| Zoning | R6 |
| Acreage | 0.06 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 470250 |
| Tax Annual Amount | 11308.08 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11233 |
| Listing VS Median (in 11233) | |
Price: $1,750,000 low | high Med: $1,200,000 sqft: 8,137 low | high Med: 2,652 $ / sqft: $215 low | high Med: $452 On site: 85 low | high Med: 327 | |
Market Activity 11233
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11233 |
| Listing VS Median (in 11233) | |
Price: $1,750,000 low | high Med: $1,200,000 sqft: 8,137 low | high Med: 2,652 $ / sqft: $215 low | high Med: $452 On site: 85 low | high Med: 327 | |
 | $2,500,000288 Sumpter StreetBrooklyn, NY 11233 |
 | $3,250,000275 Howard AvenueBrooklyn, NY 11233 |