Property Description

Investor Opportunity - Legal 4-Family with Significant UpsideUnlock the potential of this legal 4-family brick building offering immediate value-add opportunities in one of Brooklyn's established residential neighborhoods. Whether you're looking to renovate, reposition, or expand your portfolio, this property presents multiple avenues to increase cash flow and long-term equity.The building consists of three 2-bedroom apartments and one spacious 3-bedroom apartment. Two of the 2-bedroom units are vacant, providing the rare opportunity to renovate and lease at today's market rents from day one. A third 2-bedroom unit is occupied by non-paying tenants, while the 3-bedroom apartment is occupied by long-term tenants paying below market rent, creating additional upside for investors with a long-term asset management strategy.Solid brick construction, generous apartment layouts, and multiple vacant units make this an increasingly hard-to-find opportunity for investors seeking to add value through renovations and improved operations.Property Highlights:Legal 4-family brick building(3) Two-bedroom apartments(1) Three-bedroom apartmentTwo vacant 2-bedroom units ready for renovation or immediate repositioningOne occupied 2-bedroom unit with non-paying tenantsOne occupied 3-bedroom unit cooperative tenants paying below-market rentStrong value-add and income-growth potentialIdeal for experienced investors, developers, or multifamily operatorsOpportunity to significantly increase NOI through strategic improvements and lease optimizationProperties offering this combination of vacant units, rental upside, and long-term appreciation potential are becoming increasingly scarce. Bring your vision and capitalize on the opportunity to transform this asset into a high-performing investment.Being sold as-is. Buyer to perform their own due diligence regarding tenancy, rents, and building condition.

Property Features

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