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2539 Church Avenue 2539 Church Ave 8 Unit Apartment Building $2,135,869 CAD ($266,984 CAD/Unit) 7.56% Cap Rate Brooklyn, NY 11226
Investment Highlights
- Located in the high-demand Flatbush / East Flatbush corridor
- Ideal for both seasoned investors and 1031 exchange buyers
- Value-add Investment Opportunity
- Strong rental market with consistent tenant demand
- 4 Story, 8 Unit Multi-family
- Delivered with 3 vacant units
Executive Summary
Reposition to the Market. Exceptional Value at 1.55M. "8-Unit Brooklyn Multi-Family – 3 Vacant Units = Immediate Cash Flow!” Spacious 8-unit multifamily building located in the heart of Flatbush on bustling Church Avenue. This well-positioned property features a strong unit mix and excellent upside potential, making it ideal for both seasoned investors and end-users. The building will be delivered with three vacant units, offering immediate opportunity for market-rate rents or owner occupancy. Situated near public transportation, shopping, dining, and major thoroughfares, this is a prime Brooklyn investment in a high-demand rental corridor.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$229,202
|
$14.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$229,202
|
$14.53
|
| Taxes |
$29,219
|
$1.85
|
| Operating Expenses |
$38,165
|
$2.42
|
| Total Expenses |
$67,383
|
$4.27
|
| Net Operating Income |
$161,819
|
$10.26
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $229,202 |
| Annual Per SF | $14.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $229,202 |
| Annual Per SF | $14.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,219 |
| Annual Per SF | $1.85 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $38,165 |
| Annual Per SF | $2.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $67,383 |
| Annual Per SF | $4.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $161,819 |
| Annual Per SF | $10.26 |
Property Facts
| Price | $2,135,869 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $266,984 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.56% | Building Size | 15,773 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Residential Zoning – Multifamily Use | ||
| Price | $2,135,869 CAD |
| Price Per Unit | $266,984 CAD |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 15,773 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6 - Residential Zoning – Multifamily Use |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,492,382 CAD | |
| Land Assessment | $24,749 CAD | Annual Taxes | $29,219 CAD ($1.85 CAD/SF) |
| Improvements Assessment | $1,467,632 CAD | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$24,749 CAD
Improvements Assessment
$1,467,632 CAD
Total Assessment
$1,492,382 CAD
Annual Taxes
$29,219 CAD ($1.85 CAD/SF)
Tax Year
2026
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COSMO GROUP REALTY
2539 Church Avenue | 2539 Church Ave
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