Log In/Sign Up
Your email has been sent.
159 Tehama St - 1239 36th St - 1243 36th St 28 Unit Apartment Building $8,349,000 CAD ($298,179 CAD/Unit) 4.77% Cap Rate Brooklyn, NY 11218
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 100% Occupied 28 Unit 3 Building Package In Kensington For Sale!!!
- The Property Is Located In The Heart Of Kensington In Between Fort Hamilton Pkwy. & Ocean Pkwy.!!!
- The Buildings Have 225 Feet Of Wrap-Around Frontage On Tehama Street & 36th Street!!!
- The Building Feature Excellent Signage, Great Exposure, 18 Parking Spaces, High Ceilings, R5 Zoning, Full Basement, LED Lighting, 3 Phase Power, ++!!
- Neighbors Include Starbucks, UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Old Navy, Walgreens, CVS, +++!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 100% Occupied 28 Unit 3 Building Package In Kensington For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, 18 Parking Spaces, High Ceilings, R5 Zoning, Full Basement, All New LED Lighting, 3 Phase Power, +++!!! The Property Is Located In The Heart Of Kensington In Between Fort Hamilton Pkwy. & Ocean Pkwy.!!! Neighbors Include Starbucks, UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Old Navy, Walgreens, CVS, Extra Space Storage, Staples, Planet Fitness, Blink Fitness, Taco Bell, McDonald’s, Subway, Meineke Car Care, Aldi +++!!! The Buildings Have 225 Feet Of Wrap-Around Frontage On Tehama Street & 36th Street!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
159 Tehama Street:
Unit 1: $ 13,222.92 Ann.; Lease Exp.: 8/31/26.
Unit 2: $12,610.92 Ann.; Lease Exp.: 12/31/27.
Unit 3: $15,980.04 Ann.; Lease Exp.: 12/31/26.
Unit 4: $15,261.60 Ann.; Lease Exp.: 7/31/26.
Unit 5: $17,338.20 Ann.; Lease Exp.: 10/31/26.
Unit 6: $19,049.88 Ann.; Lease Exp.: 1/31/26.
Unit 7: $17,084.28 Ann.; Lease Exp.: 9/30/26.
Unit 8: $16,275.36 Ann.; Lease Exp.: 7/31/26.
Unit 9: $13,75.80 Ann.; Lease Exp.: 1/31/26.
Unit 10: $13,548.12 Ann.; Lease Exp.: 6/30/26.
Unit 11: $12,708.12 Ann.; Lease Exp.: 8/31/26.
Unit 12: $15,618.24 Ann.; Lease Exp.: 12/31/27.
Unit 13: $19,800 Ann.; Lease Exp.: 12/14/26.
Unit 14: $22,904.16 Ann.; Lease Exp.: 12/31/26.
Unit 15: $ 13,989.96 Ann.; Lease Exp.: 12/31/26.
Unit 16: $14,956.44 Ann.; Lease Exp.: 12/31/25.
Total Rental Income: $ 253,424.04 Ann.
1239 36th Street:
Unit 1F: $14,781.48 Ann.; Lease Exp.: 12/31/26.
Unit 1R: $19,076.88 Ann.; Lease Exp.: 12/31/26.
Unit 2F: $14,025.36 Ann.; Lease Exp.: 12/31/27.
Unit 2R: $14,685.12 Ann.; Lease Exp.: 9/30/27.
Unit 3F: $28,986 Ann.; Lease Exp.: 1/31/27.
Unit 3R: $13,785.12 Ann.; Lease Exp.: 12/31/26.
Total Rental Income: $105,339.96 Ann.
1243 36th Street:
Unit 1F: $16,529.04 Ann.; Lease Exp.: 5/31/27.
Unit 1R: $13,140 Ann.; Lease Exp.: 7/31/27.
Unit 2F: $16,229.52 Ann.; Lease Exp.: 12/31/27.
Unit 2R: $26,512.80 Ann.; Lease Exp.: 7/31/27.
Unit 3F: $18,084.48 Ann.; Lease Exp.: 8/31/27.
Unit 3R: $15,188.76 Ann.; Lease Exp.: 12/31/27.
Total Rental Income: $105,684.60 Ann.
Expenses:
Gas: $28,151.35 Ann.
Electric: $7,451.63 Ann.
Maintenance & Repairs: $17,226.05 Ann.
Water & Sewer: $21,024 Ann.
Insurance: $37,307.57 Ann.
Taxes: $67,223.90 Ann.
Total Expenses: $178,384.50 Ann.
Gross Income: $464,448.60 Ann.
Net Operating Income (NOI): $286,064.10 Ann.
159 Tehama Street:
Unit 1: $ 13,222.92 Ann.; Lease Exp.: 8/31/26.
Unit 2: $12,610.92 Ann.; Lease Exp.: 12/31/27.
Unit 3: $15,980.04 Ann.; Lease Exp.: 12/31/26.
Unit 4: $15,261.60 Ann.; Lease Exp.: 7/31/26.
Unit 5: $17,338.20 Ann.; Lease Exp.: 10/31/26.
Unit 6: $19,049.88 Ann.; Lease Exp.: 1/31/26.
Unit 7: $17,084.28 Ann.; Lease Exp.: 9/30/26.
Unit 8: $16,275.36 Ann.; Lease Exp.: 7/31/26.
Unit 9: $13,75.80 Ann.; Lease Exp.: 1/31/26.
Unit 10: $13,548.12 Ann.; Lease Exp.: 6/30/26.
Unit 11: $12,708.12 Ann.; Lease Exp.: 8/31/26.
Unit 12: $15,618.24 Ann.; Lease Exp.: 12/31/27.
Unit 13: $19,800 Ann.; Lease Exp.: 12/14/26.
Unit 14: $22,904.16 Ann.; Lease Exp.: 12/31/26.
Unit 15: $ 13,989.96 Ann.; Lease Exp.: 12/31/26.
Unit 16: $14,956.44 Ann.; Lease Exp.: 12/31/25.
Total Rental Income: $ 253,424.04 Ann.
1239 36th Street:
Unit 1F: $14,781.48 Ann.; Lease Exp.: 12/31/26.
Unit 1R: $19,076.88 Ann.; Lease Exp.: 12/31/26.
Unit 2F: $14,025.36 Ann.; Lease Exp.: 12/31/27.
Unit 2R: $14,685.12 Ann.; Lease Exp.: 9/30/27.
Unit 3F: $28,986 Ann.; Lease Exp.: 1/31/27.
Unit 3R: $13,785.12 Ann.; Lease Exp.: 12/31/26.
Total Rental Income: $105,339.96 Ann.
1243 36th Street:
Unit 1F: $16,529.04 Ann.; Lease Exp.: 5/31/27.
Unit 1R: $13,140 Ann.; Lease Exp.: 7/31/27.
Unit 2F: $16,229.52 Ann.; Lease Exp.: 12/31/27.
Unit 2R: $26,512.80 Ann.; Lease Exp.: 7/31/27.
Unit 3F: $18,084.48 Ann.; Lease Exp.: 8/31/27.
Unit 3R: $15,188.76 Ann.; Lease Exp.: 12/31/27.
Total Rental Income: $105,684.60 Ann.
Expenses:
Gas: $28,151.35 Ann.
Electric: $7,451.63 Ann.
Maintenance & Repairs: $17,226.05 Ann.
Water & Sewer: $21,024 Ann.
Insurance: $37,307.57 Ann.
Taxes: $67,223.90 Ann.
Total Expenses: $178,384.50 Ann.
Gross Income: $464,448.60 Ann.
Net Operating Income (NOI): $286,064.10 Ann.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$646,281
|
$22.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$646,281
|
$22.38
|
| Taxes |
$93,541
|
$3.24
|
| Operating Expenses |
$154,679
|
$5.36
|
| Total Expenses |
$248,220
|
$8.60
|
| Net Operating Income |
$398,061
|
$13.79
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $646,281 |
| Annual Per SF | $22.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $646,281 |
| Annual Per SF | $22.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $93,541 |
| Annual Per SF | $3.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $154,679 |
| Annual Per SF | $5.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $248,220 |
| Annual Per SF | $8.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $398,061 |
| Annual Per SF | $13.79 |
PROPERTY FACTS
| Price | $8,349,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $298,179 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.77% | Building Size | 28,872 SF |
| No. Units | 28 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R5 - low-density residential district | ||
| Price | $8,349,000 CAD |
| Price Per Unit | $298,179 CAD |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 28,872 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R5 - low-density residential district |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Gas Range
- Smoke Free
- Storage Space
- Bicycle Storage
- Maintenance on site
- Online Services
- Public Transportation
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 05308-0001 | Total Assessment | $532,036 CAD (2025) |
| Land Assessment | $23,509 CAD (2025) | Annual Taxes | $93,541 CAD ($3.24 CAD/SF) |
| Improvements Assessment | $508,527 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
05308-0001
Land Assessment
$23,509 CAD (2025)
Improvements Assessment
$508,527 CAD (2025)
Total Assessment
$532,036 CAD (2025)
Annual Taxes
$93,541 CAD ($3.24 CAD/SF)
Tax Year
2026
1 of 43
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
159 Tehama St - 1239 36th St - 1243 36th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.