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532 39th St 6 Unit Apartment Building $1,148,902 CAD ($191,484 CAD/Unit) 7.50% Cap Rate Brooklyn, NY 11232
Investment Highlights
- Heavy Vehicle & Foot Traffic
- Recently renovated lobby & staircase
- A couple blocks away from Costco & Industry City
Executive Summary
Asset CRG Advisors, LLC has been exclusively retained to market 532 39th Street, a fully occupied and cash-flowing three-story building multi-family for sale in the Sunset Park neighborhood of Brooklyn.
The property is situated on a 2,504 SF lot and is comprised of 4,857 SF consisting of 6 railroad residential apartments. The property is located between 5th & 6th Avenue.
The property is well positioned with great access to public transportation and is a couple blocks away from Industry City.
The property is situated on a 2,504 SF lot and is comprised of 4,857 SF consisting of 6 railroad residential apartments. The property is located between 5th & 6th Avenue.
The property is well positioned with great access to public transportation and is a couple blocks away from Industry City.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,148,902 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $191,484 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.50% | Building Size | 4,857 SF |
| Gross Rent Multiplier | 8.62 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2019 |
| Property Subtype | Apartment | ||
| Zoning | M1-2, Brooklyn, (C2) - a light manufacturing district that allows for manufacturing, commercial, and community facility uses | ||
| Price | $1,148,902 CAD |
| Price Per Unit | $191,484 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 8.62 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,857 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2019 |
| Zoning | M1-2, Brooklyn, (C2) - a light manufacturing district that allows for manufacturing, commercial, and community facility uses |
Amenities
Unit Amenities
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00913-0018 | Improvements Assessment | $634,353 CAD (2026) |
| Land Assessment | $194,088 CAD (2026) | Total Assessment | $828,442 CAD (2026) |
Property Taxes
Parcel Number
00913-0018
Land Assessment
$194,088 CAD (2026)
Improvements Assessment
$634,353 CAD (2026)
Total Assessment
$828,442 CAD (2026)
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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532 39th St
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