Bergen St, BROOKLYN, NY 11233

Highlights

• 16 Total Units

• 14 Free-Market Apartments – large, renovated 3–4 bedroom layouts

• 2 Rent-Stabilized Apartments – providing steady, long-term cash flow

• All units have individual heating systems (tenants pay for heat)

• Air conditioning in every unit

• Low operating expenses due to tenant-paid utilities

• High demand for large family-sized apartments in the area

  Investment Summary

  This asset offers investors a rare combination of stability and growth.

  • The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol.

  • Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand.

  • The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs.

  • Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI.

    Investor Highlights

    • Strong in-place income with majority free-market exposure

    • Upside potential via free-market rent growth

    • Low maintenance costs and minimal owner responsibilities

    • Balanced rent roll combining stability and flexibility

    • Excellent opportunity for a value-focused multifamily investor