105 Rockaway Parkway, Brooklyn, NY 11212
105 Rockaway Parkway, Brooklyn, NY 11212
105 Rockaway Parkway, Brooklyn, NY 11212
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Hal Blake

Hal Blake

+1(718) 608-4892
$1,300,000
Est. payment /mo
10 Beds
4 Baths
3,198 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,198 sqft

Price per Sqft $406

MLS Listing ID 11908757

Style Mid-rise

Bedrooms 10

Full Baths 4

Year Built 1930

Annual Tax Amount $12,358

Property Description

105 Rockaway Parkway, Brooklyn, NY 11212 Exceptional 4-Unit Multifamily Investment | Over 12% Pro Forma Cap Rate Outstanding opportunity to acquire a well-maintained 4-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.

Location

State NY

County 36047

Rooms

Basement Full

Dining Room 0

Kitchen Open

Exterior

Parking Features Detached

Garage Spaces 2.0

Building

Story 2

Sewer Municipal

Water Municipal

Structure Type Masonry - Brick

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Hal Blake
Hal Blake

Broker License ID: 10491210994

+1(718) 608-4892

1110 South Ave, Staten Island, NY 10314-3403, USA

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