Log In/Sign Up
Your email has been sent.
Auction - 190 Rockaway Apartments | 8 Units 190 Rockaway Ave 8 Unit Apartment Building $348,980 CAD ($43,623 CAD/Unit) Brooklyn, NY 11233
INVESTMENT HIGHLIGHTS
- STARTING BID $250,000 | 8 Units | 100% Occupied | AUCTION DECEMBER 15-17
- Efficient Expense Profile: 41% expense ratio with taxes just 10% of EGI (Tax Class 2B)
- Sought-after Transit-Served Brooklyn Location: Two blocks from the Rockaway Ave Subway Station with A & C service. 30-minutes to Manhattan or JFK.
- 8-Unit Rent-Stabilized Multifamily | 5,600 SF: Four-story residential building generating consistent income.
- Additional Air Rights: ±2,281 SF of unused development rights
- Vibrant Neighborhood: Positioned blocks from Broadway Junction Station (A, C, J, L, Z, LIRR), Fulton St, Atlantic Ave, J Robinson Pkwy, and daily-need
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 190 Rockaway Avenue, an 8-unit, rent-stabilized walk-up apartment building totaling ±5,600 SF in Brooklyn, New York. The offering provides immediate cash flow with measured upside through near-term expirations. The building is fully occupied, and all units are rent stabilized, averaging ±$1,250/month per unit. Operating fundamentals are straightforward: a ±41% expense ratio (taxes ±10% of EGI, Tax Class 2B) and typical line items for utilities, insurance, management, and repairs/maintenance. The Property includes ±2,281 SF of additional air rights, offering longer-term development optionality. Positioned in a transit-served Brooklyn corridor with proximity to retail and services, the asset aligns well for private investors seeking straightforward, stabilized cash flow, and modest, execution-driven upside.
The Property is located within a compelling area of Brooklyn and benefits from close proximity to Manhattan (30-minutes) and major transit hubs like Broadway Junction (Brooklyn’s third busiest subway station with A, C, J, L, Z, and LIRR service), enhancing accessibility and commuter demand. With convenient access to JFK International Airport (30-minutes) and solid transportation infrastructure, the area remains well-positioned for long-term multifamily growth and yield enhancement.
The Property is located within a compelling area of Brooklyn and benefits from close proximity to Manhattan (30-minutes) and major transit hubs like Broadway Junction (Brooklyn’s third busiest subway station with A, C, J, L, Z, and LIRR service), enhancing accessibility and commuter demand. With convenient access to JFK International Airport (30-minutes) and solid transportation infrastructure, the area remains well-positioned for long-term multifamily growth and yield enhancement.
PROPERTY FACTS
| Price | $348,980 CAD | Building Class | B |
| Price Per Unit | $43,623 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 5,600 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Mid-Rise | ||
| Zoning | R5 | ||
| Price | $348,980 CAD |
| Price Per Unit | $43,623 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 01567-0038 | Improvements Assessment | $446,231 CAD |
| Land Assessment | $7,574 CAD | Total Assessment | $453,805 CAD |
PROPERTY TAXES
Parcel Number
01567-0038
Land Assessment
$7,574 CAD
Improvements Assessment
$446,231 CAD
Total Assessment
$453,805 CAD
CONTACTS
-
Daniel Greenblatt -
Julian Perla -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
John Horowitz -
Marcus & Millichap
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Auction - 190 Rockaway Apartments | 8 Units | 190 Rockaway Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.