Rare 6-Unit Investment Package — Two Adjacent 3-Family Buildings — 7.2% CAP
385 & 387 Sumpter Street, Brooklyn, NY — Two Fully Occupied 3-Family Buildings
Rare opportunity to acquire two neighboring three-family properties at 385 & 387 Sumpter Street, offering a total of 6 fully occupied free-market apartments with no rent-stabilized units. This is a strong income-producing investment with excellent current cash flow.
The properties generate a combined gross annual income of $238,200, with combined annual expenses of approximately $38,327, producing an impressive NOI of $199,873 and a 7.2% CAP rate.
Both constructed in 2007, features exceptionally spacious apartments of approximately 1,300 SF per floor, with hardwood floors, large kitchens, oversized windows, and generous layouts. The first-floor apartment includes access to a large finished basement with a half bath and private backyard access. Upper floors feature spacious residential layouts, and the property includes shared roof access.
With six free-market units, full occupancy, strong existing income, and two adjacent properties being sold together, this is an excellent opportunity for an investor looking to acquire a substantial Brooklyn multifamily portfolio in one location.
Combined Financials: Gross Income $238,200 | Expenses $38,327 | NOI $199,873 | CAP Rate: 7.2%
Active
$2,780,000
385 Sumpter St, Brooklyn, NY 11233
16beds
7,950sqft
Multi Family
Built in 2007
-- sqft lot
$-- Zestimate®
$350/sqft
$-- HOA
What's special
Oversized windowsPrivate backyard accessLarge kitchensShared roof accessSpacious residential layoutsHardwood floorsExceptionally spacious apartments
- 39 days
- 162
- 6
Zillow last checked:
Listing updated:
Listed by:
Elite NY Holdings 646-752-5604,
Eli Braginsky
Source: StreetEasy,MLS#: S1849956
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 11
- Full bathrooms: 10
- 1/2 bathrooms: 1
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 7,950
- Total interior livable area: 7,950 sqft
Property
Features
- Patio & porch: Other, Deck
- Exterior features: Courtyard, Garden, Private Roof Deck
Details
- Parcel number: 015220052
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 2007
Community & HOA
Community
- Subdivision: Ocean Hill
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $1,202,000
- Annual tax amount: $12,852
- Date on market: 9/28/2026
Estimated market value
Not available
Estimated sales range
Not available
$3,602/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $2,780,000$350/sqft |
Source: StreetEasy #S1849956 Report a problem | ||
| 9/25/2026 | Contingent | $2,780,000+297.1%$350/sqft |
Source: StreetEasy #S1849956 Report a problem | ||
| 9/30/2016 | Sold | $700,000+23%$88/sqft |
Source: | ||
| 5/29/2015 | Listing removed | $569,000$72/sqft |
Source: Inter County Sales #2761536 Report a problem | ||
| 5/8/2015 | Listed for sale | $569,000-24%$72/sqft |
Source: Inter County Sales #2761536 Report a problem | ||
| 12/24/2007 | Sold | $749,000+240.5%$94/sqft |
Source: Public Record Report a problem | ||
| 5/16/2007 | Sold | $220,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,151 -0.5% | $72,120 -6% |
| 2024 | $11,202 | $76,740 -18.5% |
| 2023 | -- | $94,140 -8.7% |
| 2022 | -- | $103,140 +23.7% |
| 2021 | -- | $83,400 +2.1% |
| 2020 | $9,912 +0.8% | $81,720 +25.8% |
| 2019 | $9,838 +7.3% | $64,980 +48.2% |
| 2018 | $9,172 +8.8% | $43,846 +6% |
| 2017 | $8,432 +10.5% | $41,365 +6% |
| 2016 | $7,631 | $39,024 |
| 2015 | $7,631 +70.1% | $39,024 +0.8% |
| 2014 | $4,487 | $38,731 +6% |
| 2013 | -- | $36,539 +6% |
| 2012 | -- | $34,471 +6% |
| 2011 | -- | $32,520 -7.3% |
| 2010 | -- | $35,078 +6% |
| 2009 | -- | $33,093 +20.4% |
| 2008 | -- | $27,484 +931.3% |
| 2007 | -- | $2,665 +6% |
| 2006 | -- | $2,515 +4.8% |
| 2005 | -- | $2,400 +0.9% |
| 2004 | -- | $2,379 +5.9% |
| 2003 | -- | $2,246 +1.1% |
| 2002 | -- | $2,221 +6% |
| 2001 | -- | $2,096 +4.8% |
| 2000 | -- | $2,000 |
Find assessor info on the county website








