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Prime Four-Family Income-Producing Property in Homecrest, Brooklyn – 5% CAP Rate!
Built in 1985 and ideally located just off Kings Highway in the desirable Homecrest neighborhood, this well-maintained four-family brick townhouse offers an excellent investment opportunity with strong cash flow and long-term growth potential.
Spanning approximately 5,250 square feet, the property features four spacious duplex units, each around 1,312 sq. ft. with three bedrooms, 1.5 bathrooms, and in-unit washer and dryer. All apartments are separately metered for gas and electric, with tenants paying their own utilities (except water).
Unit A: Rented for $2,800/month + utilities
Unit B: Projected rent $2,900/month + utilities
Unit C: Rented for $3,500/month + utilities
Owner’s Unit D: Projected rent $3,500/month – will be delivered vacant at closing
The building has been well cared for, featuring a new roof, upd...
The building has been well cared for, featuring a new roof, updated kitchens, hardwood floors, and bright, open layouts with plenty of natural light throughout. Each unit has its own mechanical room, ensuring easy maintenance and privacy for tenants.
Financial Highlights:
Annual Taxes: $40,243
Net Operating Income: Approx. $110,000
Cap Rate: ~5%
Investment Highlights:
? Four large duplex apartments – excellent rental income potential
? Prime Homecrest location off Kings Highway
? Stable tenants and immediate cash flow
? Perfect for investors or owner-occupants
? Easy access to B & Q subway lines, express buses, and major retail corridors
Don’t miss this rare opportunity to own a solid, high-performing multifamily asset in one of Brooklyn’s most sought-after neighborhoods.
Contact us today to schedule a private showing!
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