$18,500,000 Off Market Bk Multifamily (Brooklyn)

Off-Market Brooklyn Multifamily Portfolio | 147 Units | Fully Stabilized | $18,500,000 | Prime Locations & Strong Transit We are pleased to present a prime off-market opportunity in the heart of Brooklyn’s highly desirable Bay Ridge and Bensonhurst neighborhoods. This offering consists of three well-maintained multifamily buildings totaling 147 fully occupied, rent-regulated apartments, now available at a steep discount from their combined appraised value. These properties benefit from their location in established, sought-after areas with excellent access to amenities, attractions, and transportation. Prime Brooklyn Portfolio Highlights: Asset Type: Three multifamily rental buildings Total Units: 147 Sizes: (Bay Ridge): 71 Units (Approx. Mix: Primarily 1 & 2 Bedroom Units with some Studios and 3 Bedroom Units), 56,000 SF (Bensonhurst): 54 Units + 1 Commercial (Approx. Mix: Primarily 1 & 2 Bedroom Units with some 3 & 4 Bedroom Units), 45,100 SF (Bensonhurst): 22 Units (Likely a mix of 1 & 2 Bedroom Units), 34,600 SF. Appraised Portfolio Value (May 2024): $25,000,000 Offering Price: $18,500,000 Cap Rate: ~7.9% based on in-place NOI Net Operating Income (NOI): Bldg 1: $592,098 Bldg 2: $509,062 Bldg 3:~$545,000 (est.) Total Portfolio NOI: ~$1,646,000+ Occupancy: 100% across all buildings Unit Mix: Primarily 1-4 bedroom rent-stabilized units Condition: Average-to-good with steady in-place income Zoning: R5 / R6B – strong long-term hold upside. To view please call or text me at show contact info