High-Cap-Rate 16-Unit Investment Opportunity at 1935 Bergen Street, Brooklyn
Excellent opportunity to acquire a high-cap-rate, 16-unit multifamily building in Brooklyn featuring 14 fully renovated, free-market apartments.
The renovated units offer modern kitchens and bathrooms, new flooring, exposed brick details, and attractive contemporary finishes. Each apartment has separate utilities, with tenants responsible for their own utility costs, helping reduce operating expenses and support a strong net operating income.
With 14 free-market apartments, extensive renovations already completed, limited immediate capital improvement needs, and strong income potential, this property represents an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation in the Brooklyn multifamily market.
NOI $371,307
CAP 8.3%
Active
$4,480,000
1935 Bergen St, Brooklyn, NY 11233
52beds
16,020sqft
Rental Unit
Built in 1910
-- sqft lot
$4,372,500 Zestimate®
$280/sqft
$-- HOA
What's special
Attractive contemporary finishesExposed brick detailsRenovated unitsModern kitchens and bathroomsNew flooring
- 80 days
- 162
- 5
Zillow last checked:
Listing updated:
Listed by:
Elite NY Holdings 646-752-5604,
Eli Braginsky
Source: StreetEasy,MLS#: S1837831
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 52
- Bathrooms: 16
- Full bathrooms: 16
Cooling
- Central Air
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 16,020
- Total interior livable area: 16,020 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Rental Unit
Condition
- Year built: 1910
Community & HOA
Community
- Subdivision: Crown Heights
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $280/sqft
- Annual tax amount: $56,760
- Date on market: 7/13/2026
Estimated market value
$4,372,500
$4.15M - $4.59M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Listed for sale | $4,480,000$280/sqft |
Source: StreetEasy #S1837831 Report a problem | ||
Public tax history
Tax history is unavailable.
