144 Sheridan Ave 19 Unit Apartment Building $1,709,136 CAD ($89,955 CAD/Unit) 7.65% Cap Rate Brooklyn, NY 11208

20-Unit Residential Building in Prime Cypress Hills, Brooklyn
Presenting a 20-unit residential building located on Sheridan Avenue in the rapidly growing Cypress Hills neighborhood of Brooklyn. This is a rare opportunity to acquire a well-positioned multi-family asset in an area experiencing continued residential demand and neighborhood revitalization.
The property offers investors the potential for stable rental income with upside through repositioning, rent optimization, and long-term appreciation in a steadily improving Brooklyn submarket.
Situated on a residential block, the building benefits from its proximity to major transportation, retail corridors, and neighborhood amenities, making it highly attractive to tenants seeking both convenience and affordability.
Transportation & Accessibility:
The property is conveniently located near multiple public transit options, including the J, Z subway lines at Norwood Avenue and Cleveland Street, providing direct access to Downtown Brooklyn and Manhattan. Several bus lines serve the area, offering additional connectivity throughout Brooklyn and Queens. Quick access to major roadways such as the Belt Parkway and Jackie Robinson Parkway enhances commuter convenience.
Neighborhood Overview – Cypress Hills:
Cypress Hills is an evolving Brooklyn neighborhood known for its strong rental demand, diverse community, and ongoing development. The area features a mix of residential properties, local businesses, supermarkets, and dining options along nearby commercial corridors.
Residents enjoy proximity to Highland Park, a large green space offering walking trails, sports facilities, and scenic views. The neighborhood continues to attract renters seeking more space and value while remaining within reach of central Brooklyn and Manhattan.
Property Highlights:
• 20 Residential Units
• Strong Rental Demand Location
• Excellent Public Transportation Access (J/Z Trains)
• Close to Parks, Shopping, and Local Amenities
• Ideal for Long-Term Hold or Value-Add Strategy
• Positioned in a Growing Brooklyn Submarket
This offering presents an excellent opportunity for investors looking to expand their portfolio with a multi-unit asset in a high-demand rental market.