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2561 Bedford Ave 8 Unit Apartment Building $5,818,008 CAD ($727,251 CAD/Unit) 5.12% Cap Rate Brooklyn, NY 11226



Executive Summary
Welcome to 2561 Bedford Avenue, an exceptional opportunity to acquire a newly constructed eight-unit luxury multifamily building, featuring 100% free-market residences and notably low property taxes-a rare combination in today's Brooklyn investment landscape. Already fully rented and grossing 250k / year in rent.
Designed with both modern living and long-term asset performance in mind, each residence features thoughtfully designed open layouts with expansive living and dining areas that maximize natural light and functionality. The contemporary kitchens are appointed with stone countertops, luxury appliances, and in-unit washer and dryer, delivering a level of comfort and convenience highly sought after by today's renters. Additional features include triple-pane windows, central heating and air-conditioning systems, generous ceiling heights, and private outdoor spaces, enhancing both the aesthetic appeal and everyday livability of the units. The property further distinguishes itself with shared lifestyle amenities, including a common rooftop deck and landscaped backyard, providing residents with valuable outdoor gathering spaces-an increasingly desirable feature in Brooklyn's residential market.
Strategically positioned in the heart of Flatbush, the building benefits from immediate access to neighborhood conveniences and transportation. Residents enjoy proximity to multiple subway lines, facilitating seamless connectivity throughout New York City, while Brooklyn College-a major educational institution-lies just moments away. Everyday essentials are within easy reach, with Food Universe Marketplace, cafés, restaurants, and neighborhood retail located only one block from the property. Flatbush itself is one of Brooklyn's most culturally rich and historically significant neighborhoods, celebrated for its tree-lined streets, Victorian-era homes, and diverse community. The area offers a vibrant culinary landscape influenced by many traditions, creating a dynamic local lifestyle. Residents also benefit from close proximity to major cultural and recreational destinations, including Prospect Park and the iconic Kings Theatre, further reinforcing the neighborhood's enduring appeal.
Designed with both modern living and long-term asset performance in mind, each residence features thoughtfully designed open layouts with expansive living and dining areas that maximize natural light and functionality. The contemporary kitchens are appointed with stone countertops, luxury appliances, and in-unit washer and dryer, delivering a level of comfort and convenience highly sought after by today's renters. Additional features include triple-pane windows, central heating and air-conditioning systems, generous ceiling heights, and private outdoor spaces, enhancing both the aesthetic appeal and everyday livability of the units. The property further distinguishes itself with shared lifestyle amenities, including a common rooftop deck and landscaped backyard, providing residents with valuable outdoor gathering spaces-an increasingly desirable feature in Brooklyn's residential market.
Strategically positioned in the heart of Flatbush, the building benefits from immediate access to neighborhood conveniences and transportation. Residents enjoy proximity to multiple subway lines, facilitating seamless connectivity throughout New York City, while Brooklyn College-a major educational institution-lies just moments away. Everyday essentials are within easy reach, with Food Universe Marketplace, cafés, restaurants, and neighborhood retail located only one block from the property. Flatbush itself is one of Brooklyn's most culturally rich and historically significant neighborhoods, celebrated for its tree-lined streets, Victorian-era homes, and diverse community. The area offers a vibrant culinary landscape influenced by many traditions, creating a dynamic local lifestyle. Residents also benefit from close proximity to major cultural and recreational destinations, including Prospect Park and the iconic Kings Theatre, further reinforcing the neighborhood's enduring appeal.
Property Facts
| Price | $5,818,008 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $727,251 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.12% | Building Size | 5,816 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Bld: 25 x 60 ft Lot: 20 x 100 ft Zoning: R6 FAR/ FAR As Built: 2.6 / 2.6 | ||
| Price | $5,818,008 CAD |
| Price Per Unit | $727,251 CAD |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,816 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2021 |
| Zoning | R6 - Bld: 25 x 60 ft Lot: 20 x 100 ft Zoning: R6 FAR/ FAR As Built: 2.6 / 2.6 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- Sprinkler System
- Tub/Shower
- Yard
- Garden
- Island Kitchen
- Porch
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Roof Terrace
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 5 | - | - |
| 1+1.5 | 1 | - | - |
| 2+2 | 1 | - | - |
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Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05190-0053 | Improvements Assessment | $473,596 CAD |
| Land Assessment | $116,861 CAD | Total Assessment | $590,458 CAD |
Property Taxes
Parcel Number
05190-0053
Land Assessment
$116,861 CAD
Improvements Assessment
$473,596 CAD
Total Assessment
$590,458 CAD
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Presented by
Douglas Elliman
2561 Bedford Ave
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