Commercial For Sale - Multi Family
$8,900,000
41 BA

Size

Baths
41
Stories
4
Interior
43,600 Sq Ft
Exterior
14,125 Sq Ft

Financial

Price
$8,900,000
Annual Taxes
$132,897

Listing Details

Sale or Lease
Sale
Year Built
1921

Description

2137 Cropsey Avenue, Brooklyn, NY 11214

Exceptional opportunity to acquire a well maintained 41 unit multifamily investment property located at 2137 to 2153 Cropsey Avenue in Brooklyn. This substantial income producing residential building features a desirable apartment mix consisting of 17 one bedroom apartments, 17 two bedroom apartments and 7 three bedroom apartments, providing a diversified rental portfolio in an established Brooklyn neighborhood. In addition to its residential rental income, the property benefits from multiple supplemental revenue streams, including an established cell phone tower lease, laundry income and driveway income. These additional sources of revenue contribute to the overall financial performance of the property and distinguish it from traditional residential multifamily investments. The building offers an established operating history with documented rental income and expenses, making it an attractive opportunity for investors seeking consistent cash flow and long term ownership in the Brooklyn multifamily market. A comprehensive investment package, current rent roll, historical income and expense statements and updated financial projections are available for review. All financial information is subject to independent buyer verification.

Features

  • 200+ Amp Service
  • 3 Phase
  • Block
  • Brick
  • Ceiling Fan(s)
  • Circuit Breakers
  • Concrete
  • Electric
  • Gas
  • Gas Oven
  • Gas Range
  • High Speed Internet
  • Hot Water
  • Natural Gas
  • Oil
  • Other
  • Private Bathroom
  • Public Sewer
  • Refrigerator
  • Tub/Shower
  • Window Unit(s)
2137 Cropsey Avenue, Brooklyn, NY 11214

Listing Office: Revolution Realty Group