Listed by Matthews
Unpriced
992-994 Broadway
Details
Property Type Multifamily, Mixed Use
Square Footage 8,271
Units 6
NOI $334,577
Occupancy 100%
Tenancy Multi
Buildings 2
Stories 3
Lot Size (SqFt) 3,882
Zoning C4-4L
Investment Type Stabilized
Ground Lease No
Multifamily Investment Opportunity | 6 Units - Brooklyn, NY
Investment highlights
- Large Residential Unit Layouts: Corner exposure allows for ideal unit layouts, with upper floors consisting of four floor-through 4 Bedroom / 4 Bath apartments
- 100% Free Market: The subject property is fully free-market with no history of rent stabilization or rent control
- Strong Cash Flow: Currently grossing $400K with low taxes and separate utilities, resulting in healthy net operating income of $335K
- Renovated With High-End Finishes: The buildings are fully renovated with high-end appliances and fixtures, dishwashers, central air, in-unit laundry, and high ceilings
- Available Air Rights: The properties are zoned C4-4L (R7A residential equivalent), with 7,250+ SF of unused air rights for upward or outward expansion
- Transit Oriented Location: The J / M / Z trains are just two blocks away at Myrtle Avenue with access to Lower Manhattan and Broadway Junction within 20 minutes
- Neighborhood Amenities: Within blocks of grocery stores, restaurants, retail, fitness centers, and other neighborhood amenities along Broadway and Myrtle Avenue
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$334,577.00
$27,881.42/mo
Valuation Metrics
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Cap Rate
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ROI
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Zoning
C4-4L CommercialGeneral CommercialGeneral Commercial
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View all 265 uses
View all 265 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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