Prime Sheepshead Bay Investment Opportunity
Introducing a well-maintained, semi-detached brick six-family building in the heart of Sheepshead Bay. This solid three-story property with a full basement offers an impressive footprint, featuring a 21 x 80 building on a 27 x 98 lot, totaling approximately 5,042 sq. ft. of living space. The layout provides 11 bedrooms and 6 full bathrooms, making it an attractive option for investors seeking strong, stable income.
The property generates a gross annual income of $136,000, with operating expenses of roughly $38,000, resulting in a net income of about $98,000 and a cap rate exceeding 5%.
Located in an exceptionally convenient neighborhood, residents enjoy excellent transportation options: the B and Q trains at Sheepshead Bay Station offer a direct commute to Manhattan, and bus lines B36, B44, and BM3 are just steps away. A wide variety of shops, restaurants, cafés, supermarkets, and essential services are all within minutes, enhancing both lifestyle and rental appeal.
This is an ideal opportunity to own a strong cash-flowing asset in one of Brooklyn’s most desirable and well-connected communities.
Active
$1,600,000
2503 E 19th St #1, Brooklyn, NY 11235
11beds
5,042sqft
Multi Family
Built in 1928
-- sqft lot
$1,575,300 Zestimate®
$317/sqft
$-- HOA
What's special
- 12 days |
- 207 |
- 12 |
Likely to sell faster than
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