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Executive Summary

8% CAP RATE !! **5 family alert** Rare opportunity to own a 5 unit building. All units are free market. Each apartment has two bedrooms, a living room, a dining area, kitchen and a bright bathroom. Gas and electric are separately metered. First floor apartment is the biggest, with 4 bedrooms and access to the backyard and garden. The Entire property has been well maintained through the years. This property has extremely low taxes of a less than $7,000 a year! Located just Two blocks from B25 and B7 buses and the A,C train at Ralph Ave station. J,Z trains available at the Chauncey Station. Two of the apartments are occupied and Three will be delivered vacant. This property has huge potential with a gross of $197,760 and an NOI of $170,354.68 Annually. It is also possible to put laundry in the building basement for extra income

Property Facts

Price $2,795,115 CAD
Price Per Unit $559,023 CAD
Sale Type Investment
Cap Rate 8.54%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,125 SF
No. Stories 3
Year Built 1910
Zoning R6B - R6B zoning

Amenities

Unit Amenities

  • Heating
  • Hardwood Floors
  • Yard
  • Basement

Site Amenities

  • Courtyard

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - -
4+2 1 - -
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
01525-0027
Land Assessment
$6,305 CAD
Improvements Assessment
$448,900 CAD
Total Assessment
$455,204 CAD
  • Listing ID: 41508319

  • Date on Market: 2026-07-31

  • Last Updated:

  • Address: 180 Sumpter St, Brooklyn, NY 11233

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