20-Unit Multi-Family Building 950-952 Bergen St 20 Unité Immeuble d’appartements 8 586 442 $ CAD (429 322 $ CAD/Unité) 7,92% Taux de capitalisation Brooklyn, NY 11216

AUCTION SALE - Bidding Open Through Wednesday, December 10. Please note that the above price reflects the Reserve Price for the property, which is being marketed for sale by private auction. Submit bid anytime now through December 10. Seller reserves the right to accept or reject/any/all bids. Please visit prusa.com for additional terms.
Overview
950–952 Bergen Street presents a rare multi-family investment opportunity in the heart of Crown Heights, Brooklyn. Comprising two contiguous 4-story pre-war buildings, the property features 20 apartments across a well-balanced unit mix of studios, one, two and three-bedrooms. 15 of the apartments have been recently renovated and together, the two buildings span 16,224 square feet on a 52' x 100' lot, offering both scale and efficiency in one of Brooklyn’s most dynamic rental markets.
A portion of the units are rent-stabilized, ensuring consistent cash flow, while the remaining free-market units capture strong rental demand driven by the neighborhood’s ongoing transformation. Modern upgrades, skyline views, and high-quality finishes further position the property to attract and retain tenants.
Beyond its strong in-place income, the property benefits from an R7A zoning designation with a C2-4 commercial overlay, creating meaningful long-term development or mixed-use potential. For investors seeking optionality, this flexibility adds an additional layer of value to the offering.
Crown Heights continues to grow as one of Brooklyn’s most vibrant residential neighborhoods, supported by excellent access to public transportation, a wide selection of dining and retail, and proximity to Manhattan—just 20 minutes away. With its prime location, strong fundamentals, and potential upside, 950–952 Bergen Street represents a compelling opportunity for investors pursuing both steady returns and long-term appreciation.