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762-764 E 32nd St 16 Unit Apartment Building $8,049,016 CAD ($503,064 CAD/Unit) 6.82% Cap Rate Brooklyn, NY 11210
Investment Highlights
- Two adjacent newly constructed multifamily buildings in East Flatbush, Brooklyn.
- Total of 16 residential units, which includes 2 onebedrooms, 12 two-bedrooms, and 2 three-bedrooms
- Four stories and consist of 10,780 SF
- 421-A tax exemption in place through 2055.
Executive Summary
Two adjacent newly constructed multifamily buildings in East Flatbush, Brooklyn.
The buildings are four stories and consist of 10,780 SF.
There is a total of 16 residential units, which includes 2 onebedrooms, 12 two-bedrooms, and 2 three-bedrooms.
421-A tax exemption in place through 2055.
Near Flatbush Avenue–Brooklyn College [2,5] Subway Station.
Close to major retailers including Target, Blink Fitness, and Key Food Supermarket.
The buildings are four stories and consist of 10,780 SF.
There is a total of 16 residential units, which includes 2 onebedrooms, 12 two-bedrooms, and 2 three-bedrooms.
421-A tax exemption in place through 2055.
Near Flatbush Avenue–Brooklyn College [2,5] Subway Station.
Close to major retailers including Target, Blink Fitness, and Key Food Supermarket.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$716,897
|
$53.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$21,507
|
$1.59
|
| Effective Gross Income |
$695,390
|
$51.42
|
| Taxes |
$5,501
|
$0.41
|
| Operating Expenses |
$93,374
|
$6.90
|
| Total Expenses |
$98,875
|
$7.31
|
| Net Operating Income |
$596,515
|
$44.10
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $716,897 |
| Annual Per SF | $53.01 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $21,507 |
| Annual Per SF | $1.59 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $695,390 |
| Annual Per SF | $51.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,501 |
| Annual Per SF | $0.41 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $93,374 |
| Annual Per SF | $6.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $98,875 |
| Annual Per SF | $7.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $596,515 |
| Annual Per SF | $44.10 |
Property Facts
| Price | $8,049,016 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $503,064 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.82% | Building Size | 13,525 SF |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | R6A - Medium density residential district | ||
| Price | $8,049,016 CAD |
| Price Per Unit | $503,064 CAD |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 13,525 SF |
| No. Stories | 4 |
| Year Built | 2021 |
| Zoning | R6A - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 12 | - | - |
| 3+1.5 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07559-0068 | Total Assessment | $503,673 CAD |
| Land Assessment | $93,504 CAD | Annual Taxes | $5,501 CAD ($0.41 CAD/SF) |
| Improvements Assessment | $410,170 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
07559-0068
Land Assessment
$93,504 CAD
Improvements Assessment
$410,170 CAD
Total Assessment
$503,673 CAD
Annual Taxes
$5,501 CAD ($0.41 CAD/SF)
Tax Year
2025
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762-764 E 32nd St
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