Sunset Park Multifamily Portfolio
Multifamily | 114 Units | $166,667/unit
Marketing description
Matheos Realty Group has been exclusively retained to represent ownership in the sale of a well-maintained,
income-producing four-building multifamily portfolio located in the heart of Sunset Park, Brooklyn. The portfolio
consists of 114 residential units—112 of which are rent-stabilized and 2 free market—spanning approximately
84,520 square feet.
Meticulously managed, each building features on-site laundry facilities and offers a quality living environment,
contributing to strong tenant retention and long-term stability. With a total gross annual income of $2,283,789
and a net operating income of $1,315,569, the portfolio presents a rare opportunity to acquire significant scale in
one of Brooklyn’s most resilient and demand-driven submarkets.
Ownership would consider breaking up the package.
Portfolio Breakdown:
• 601 40th Street, Brooklyn, NY | 43-Units – Asking Price: $9,000,000
• 614 40th Street, Brooklyn, NY | 35-Units - Asking Price: $6,200,000
• 576 39th Street, Brooklyn, NY | 20-Units - Asking Price: $2,700,000
• 4219 7th Avenue, Brooklyn, NY | 16-Units - Asking Price: $2,400,000
Investment highlights
114 Unit across 4 walk-up buildings in Sunset Park, Brooklyn
The package of buildings is within a four-block radius ideal for seamless management
2 of the larger assets (78 units) are situated across from one another along 40th Street
Offered at well below replacement cost
22% of units currently on preferential rents, with 32% of units being renovated
The assets well maintained, have comply with Local Law 1, 11, 31, 88, 97, 152
• Local Law 1 – Lead Paint Certification
• Local Law 11 - Façade Inspection Safety Program
• Local Law 31 – XRF inspection
• Local Law 88 – Energy Efficiency Improvements for buildings over 25,000 SF
• Local Law 97 – Carbon Emissions Limits for buildings over 25,000 SF
• Local Law 152 – Gas inspection
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