A Class Realty International
Listed by A Class Realty International
$2,000,000
456 & 460 Grant Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,810
Units 12
Cap Rate 6.88%
NOI $137,566
Occupancy 100%
Tenancy Multi
Buildings 2
Lot Size (SqFt) 2,810
Zoning R5
Investment Type Value Add
Multifamily | 6.88% CAP | 12 Units
Marketing description
Cypress Hills, Brooklyn, is experiencing an era of unprecedented real estate growth and structural institutional investment. Located in northeastern Brooklyn under the scenic canopy of Highland Park, this neighborhood has transitioned into a highly competitive submarket. It bridges the gap between suburban residential density and rapid rapid-transit connectivity to Manhattan via the J and Z subway lines.As inventory remains tightly constrained across Brooklyn's core western markets, private capital, multi-family investors, and institutional builders are heavily deploying funds into Cypress Hills. The area yields higher baseline returns and substantial value-add potential compared to saturated prime neighborhoods
Investment highlights
- Superior Yield and Cap Rate Profiles Higher Cap Rates: Yields outpace highly compressed core western Brooklyn neighborhoods like Williamsburg, Bushwick, and Bed-Stuy.
- Lower Cost of Entry: Acquisition costs per square foot remain highly competitive. This allows private capital and syndicators to achieve immediate scale.
- Transit-Oriented Infrastructure and Connectivity
- Direct Manhattan Transit: The neighborhood is heavily anchored by the J and Z subway lines. This offers a direct, one-seat commute into lower Manhattan and Downtown Brooklyn.
- Interborough Access: Multiple bus lines, the nearby Long Island Rail Road (LIRR) at East New York, and quick vehicle access to the Jackie Robinson Parkway connect residents seamlessly to Queens and JFK Airport.
- The "Commuter Premium": Investors can capitalize on a growing demographic of professional renters priced out of Manhattan who demand rapid transit access.
- Instant Equity Capture: Purchasing both assets collectively saves the investor $150,000 off the independent asset pricing model.
- Enhanced Yield Optimization: Acquiring the properties together instantly forces a 62 basis-point compression on the capitalization rate (jumping from an individual low of 6.26% up to 6.88%).
- Consolidated Risk Distribution: Spreading operations across 12 contiguous multi-family units isolates the investor from individual unit tenant turnover vulnerabilities.
- Immediate Income Upside: Full unmonetized basements are ready for conversion into tenant storage cages or coin-operated laundry facilities to capture immediate ancillary cash flow.
Listing Contacts
A Class Realty International
Listed by A Class Realty International
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,566.36
$11,463.86/mo
Valuation Metrics
0
DSCR
6.88%
Cap Rate
6.88%
ROI
Map
Zoning
R5 ResidentialTwo FamilyGeneral Residence
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View all 99 uses
View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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