Listed by Asset CRG Advisors, LLC
$1,400,000
2278 Strauss St
Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 2,920
Units 4
Cap Rate 7.59%
NOI $106,381
Price per SqFt $479
Class C
Year Built 1930
Year Renovated 2022
Stories 2
Lot Size (SqFt) 2,450
Zoning R6
Multifamily | 7.59% CAP | 4 Units
Marketing description
Asset CRG Advisors, LLC, has been exclusively retained to market 2278 Strauss Street, a fully renovated two-story multifamily building consisting of four residential units, located in the Brownsville neighborhood of Brooklyn.
Originally built in 1930 and fully renovated in 2022, the property is built with 2,920 square feet with an additional 2,470 buildable square feet, offering a stable multifamily footprint with potential for long-term income and value enhancement.
The four residential units consist of three 3-bedrooms and one 2-bedroom. The property benefits from convenient transit access near the Sutter Avenue–Rutland Road Station and Rockaway Avenue Station, providing service via the 3 subway line. Proximity to local retail corridors, community facilities, and public transportation enhances the asset’s appeal for tenants and investors alike, making it a compelling opportunity in an evolving Brooklyn market.
2278 Strauss Street is located in the Brownsville neighborhood of Brooklyn, a well-connected and evolving residential area of eastern Brooklyn. The property benefits from proximity to major thoroughfares, including Pitkin Avenue and Sutter Avenue, offering convenient access to local retail, community services, and neighborhood amenities.
Public transportation is readily available via nearby subway lines and bus routes, providing efficient connectivity to Downtown Brooklyn, Manhattan, and the surrounding boroughs. The area is characterized by a mix of low- to mid-rise residential buildings and community facilities, positioning the site within a stable urban fabric with long-term growth potential.
Investment highlights
- Fully renovated two-story multifamily building consisting of four residential units, located in the Brownsville neighborhood of Brooklyn.
- Originally built in 1930 and fully renovated in 2022, the property is built 2,920 square feet with an additional 2,470 buildable square feet.
- The four residential units consist of three 3-bedrooms and one 2- bedroom.
- Conveniently located near Sutter Avenue–Rutland Road Station and Rockaway Avenue Station on the 3 subway line, with nearby retail corridors, community facilities, and public transportation supporting strong tenant demand.
Listing Contacts
Listed by Asset CRG Advisors, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,381.00
$8,865.08/mo
Valuation Metrics
0
DSCR
7.6%
Cap Rate
7.6%
ROI
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