About This Home
This 10-bedroom, 4-bathroom residential multi family at 105 Rockaway Parkway in Brooklyn, NY is listed for $1,300,000 ($407 per sqft). Built in 1930, the home offers 3,198 sqft of living space on a N/A lot.
Key Features
- Built in 1930
- 2 stories
Property Details
Amenities
105 Rockaway Parkway, Brooklyn, NY 11212 Exceptional 6-Unit Multifamily Investment | Over 12% Pro Forma Cap Rate Outstanding opportunity to acquire a well-maintained 6-unit multifamily building in the heart of Brownsville, Brooklyn. This income-producing asset offers immediate cash flow with significant upside through lease-up of the vacant units and rental increases.
The property consists of: Two 2-bedroom, 1-bath apartments Two 3-bedroom, 1-bath apartments Finished basement Detached garage providing additional rental income Currently generating approximately $171,936 in annual gross income, with a projected gross income of over $190,000 annually once the vacant units are leased.
Investment Highlights Projected 12.32% Cap Rate Projected NOI: $160,178 Purchase Price: $1,300,000 R6 Zoning 25' x 95' Lot Approximately 3,198 SF Building Built in 1930 Separate garage income Strong rental upside Excellent value-add opportunity Located on Rockaway Parkway, the property offers convenient access to public transportation, shopping, schools, parks, and neighborhood amenities, making it attractive to long-term tenants.
Whether you're looking to expand your multifamily portfolio or complete a high-yield 1031 exchange, this property offers an excellent combination of current income, upside potential, and long-term appreciation. Contact us today for the full rent roll, expense sheet, and financial package.
Monthly Cost Estimate
$6,953/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
105 Rockaway Parkway
Brooklyn, NY 11212
Brownsville
Property Details
Flooring
Construction
Heating
Questions & Answers
This 10-bedroom, 4-bathroom residential multi family at 105 Rockaway Parkway is listed at $1,300,000 ($407/sqft). The estimated monthly payment is $6,953 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 2 stories.
This property is listed by Avraham Birnbaum and can be reached at 973-873-8444.
