8-Unit Multifamily Investment Opportunity
Multifamily | 4.57% CAP | 8 Units
Marketing description
We are pleased to present 190 Rockaway Avenue, an 8-unit rent-stabilized multifamily investment opportunity located in the heart of Brooklyn, NY. This 5,600-square-foot asset generates a Net Operating Income (NOI) of $68,506, offering investors dependable in-place cash flow with the potential for future income growth.
The Opportunity
This well-positioned multifamily asset provides investors with reliable cash flow, operational stability, and long-term appreciation potential. Its strong in-place income, efficient operating expenses, and desirable location make it an attractive addition to any multifamily portfolio.
Prime Brooklyn Location
Situated in a vibrant and well-connected Brooklyn neighborhood, the property is within close proximity to multiple subway lines, public transportation, parks, retail, dining, and major commercial corridors. The area's continued demand for housing supports long-term occupancy and investment performance.
Investment highlights
- 8-unit rent-stabilized multifamily property
- $68,506 Net Operating Income (NOI)
- 5,600 SF across four stories
- 41% expense ratio
- Stable, recurring rental income
- Opportunity for long-term income growth
- Excellent Brooklyn location with strong tenant demand
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