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Multi-Family - Brooklyn, NY
Exceptional 16-unit multifamily building featuring a balanced mix of 14 free-market and 2 rent-stabilized apartments.
The property offers strong current income and significant upside potential through 12 fully renovated, large-format free-market units.
Highlights
16 Total Units
14 Free-Market Apartments – large, renovated 3–4 bedroom layouts
2 Rent-Stabilized Apartments – providing steady, long-term cash flow
All units have individual heating systems (tenants pay for heat)
Air conditioning in every unit
Low operating expenses due to tenant-paid utilities
High demand for large family-sized apartments in the area
Investment Summary
This asset offers investors a rare combination of stability and growth.
The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol.
Under current law, these apartments ...
Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand.
The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs.
Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI.
Investor Highlights
Strong in-place income with majority free-market exposure
Upside potential via free-market rent growth
Low maintenance costs and minimal owner responsibilities
Balanced rent roll combining stability and flexibility
Excellent opportunity for a value-focused multifamily investor
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