Description
Enter into your next investment with a clean, modern 8-unit walk-up in the East New York section of Brooklyn. This solid brick building features seven one-bedroom apartments and one studio, delivering a strong 7.2% cap rate with minimal maintenance. The property sits on a 2,400 SF lot, spans 5,205 SF across four floors, and is zoned R6, b ideal for steady income and long-term appreciation. Investors can also purchase the identical next-door building at 778 Livonia Avenue, creating a rare 16-unit portfolio opportunity in one of Brooklyn’s fastest growing neighborhoods. The location is just minutes from the Van Siclen Avenue 3 train subway station, and within easy reach of the New Lots of Avenue 3 train, Junius Street 3 train, and Pennsylvania Avenue 3 train stations. Multiple bus lines are also within a short distance, including the B14, B15, B60, and B83, connecting residents throughout Brooklyn and to key transit hubs. With strong in place cash flow, excellent transit access, and the option to scale, this is a smart, high performing asset in a high demand rental market. Whether you’re completing a 1031 exchange, expanding your portfolio, or entering NYC’s investment landscape with scale this opportunity delivers on all fronts. Don’t Miss This RARE, high-yield acquisition in one of New York City’s most undervalued multifamily markets.
About the Brooklyn Real Estate Market
Use this listing as a starting point for understanding Brooklyn, New York, near ZIP code 11207. You can browse Brooklyn listings and review homes for sale without leaving the local market path. Nearby market context is also available in Ridgewood.
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