413 57th Street Brooklyn NY 11220 MLS #500117

Attention property investors—this is a rare opportunity you don’t want to miss.

This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside.

Each floor consists of:
• Front unit: 1-bedroom
• Rear unit: 2-bedroom

The property spans approximately 9,000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs.

Financial Highlights:
• Current Net Operating Income (NOI): $349,906 annually
• Cap Rate: 6.6%
• Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50,000 annually

Key Features:
• Tenants pay all utilities, including heat and hot water
• Low operating expenses
• Strong, stable income stream with additional upside

Location:
Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn’s most desirable