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About This Home

This 0-bedroom, 0-bathroom condo at 305 Sumpter Street in Brooklyn, NY is listed for $3,699,000. Built in 2018, on a 0.06 acres lot.

Agent Description

Turn-Key 9-Unit Investment Opportunity in Prime Ocean Hill! Introducing 305 Sumpter Street, a turnkey 9-unit new development completed in 2021, ideally positioned in the high-demand Bedford-Stuyvesant rental market. Constructed with a modern brick and stucco facade, this asset offers investors a stable, income-producing property with significant long-term upside.

The building features a desirable NINE unit mix: - Three free-market 2BR units with balcony; Three affordable housing 2BR units with balcony - Two free market 1BR/1.5BTH duplexes (one with private outdoor space) - One premier free market 1BR penthouse with two levels of private outdoor terraces and unobstructed Manhattan skyline views All residence

s are outfitted with tenant-preferred finishes including 11' ceilings, hardwood flooring, granite countertops, stainless steel GE appliances (with dishwasher), and private balconies in select units. Every unit is filled with natural light and designed for maximum tenant retention.

Financial Highlights: - Net Operating Income (NOI): $276,981 annually - Stabilized tenancy with 6 free-market units and 3 affordable units (curated by owner) - Low maintenance costs supported by Mitsubishi split units, low maintenance plumbing fixtures, AO Smith Water Heaters under warranty, and energy-efficient LED lighting throughout.

- Strong amenity package including common backyard, panoramic rooftop deck, and basement laundry facilities - 421A Tax Abatement in place until 2056 Just 3 blocks from the J train at Chauncey St, 4 blocks from the A/C at Rockaway Ave, and 6 blocks from the L train at Bushwick Ave, ensuring exceptional connectivity across Brooklyn and Manhattan.

The neighborhood continues to attract renters with local hot spots such as All Night Skate, Dolly's Coffee Shop, Kaiff Juice & Coffee, Marion Hopkinson Playground, and Peaches. With an NOI of $277K, modern finishes, strong transportation access, and a prime Bed-Stuy location, 305 Sumpter Street presents investors with immediate cash flow and long-term appreciation potential in one of Brooklyn's most dynamic neighborhoods.

Key Features

  • Built in 2018
  • 0.06 acre lot
  • 4 stories

Property Details

4 stories
2018

Amenities

Hardwood

Monthly Cost Estimate

$19,783/mo

20% down · 6.5% · 30 years

Principal$2,675
Interest$16,029
Insurance$1,079

Estimates only. Actual payments may vary.

Location

305 Sumpter Street

Brooklyn, NY 11233

Property Details

Flooring

Hardwood

Parking

On Street

Heating

Electric (Heating)

Cooling

Electric

Appliances

Dishwasher

Questions & Answers

This 0-bedroom, 0-bathroom condo at 305 Sumpter Street is listed at $3,699,000. The estimated monthly payment is $16,029 based on 20% down at 6.5% interest.

Key features include: Built in 2018, 0.06 acre lot, 4 stories.

This property is listed by Robert Napolitano and can be reached at 7183882188 or robert@caprijetrealty.com.

RN

Robert Napolitano

Agent at Capri Jet Realty Corp

(718) 388-2188

Listed by Capri Jet Realty Corp

MLS# 1000770· Source: listhub· Updated 16 days ago

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305 Sumpter Street, Brooklyn, NY 11233

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