105 Rockaway Pkwy
Listing Notes
105 Rockaway Parkway, Brooklyn, NY 11212 Exceptional 4-Unit Multifamily Investment | Over 12% Pro Forma Cap Rate Outstanding opportunity to acquire a well-maintained 4-unit multifamily building in the heart of Brownsville, Brooklyn. This income-producing asset offers immediate cash flow with significant upside through lease-up of the vacant units and rental increases. The property consists of: Two 2-bedroom, 1-bath apartments Two 3-bedroom, 1-bath apartments Finished basement Detached garage providing additional rental income Currently generating approximately $171,936 in annual gross income, with a projected gross income of over $190,000 annually once the vacant units are leased. Investment Highlights Projected 12.32% Cap Rate Projected NOI: $160,178 Purchase Price: $1,300,000 R6 Zoning 25' x 95' Lot Approximately 3,198 SF Building Built in 1930 Separate garage income Strong rental upside Excellent value-add opportunity Located on Rockaway Parkway, the property offers convenient access to public transportation, shopping, schools, parks, and neighborhood amenities, making it attractive to long-term tenants. Whether you're looking to expand your multifamily portfolio or complete a high-yield 1031 exchange, this property offers an excellent combination of current income, upside potential, and long-term appreciation. Contact us today for the full rent roll, expense sheet, and financial package.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $748,000 to $1,675,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1588 Lincoln Pl | $748,000 | 3 bd · 2 ba |
| 285 E 95th St | $800,000 | Studio |
| 285 E 95th St | $800,000 | Studio |
| 2052 Union St | $850,000 | 6 bd · 2 ba |
| 286 Rockaway Pkwy | $850,000 | 4 bd · 3 ba |
| 156 E 91st St | $850,000 | 7 bd · 4 ba |
| 62 E 92nd St | $850,000 | 3 bd · 2 ba |
| 1655 Lincoln Pl | $875,000 | 5 bd · 3 ba |
| 677 Ralph Ave | $975,000 | Studio |
| 1596 Lincoln Pl | $975,000 | 5 bd · 3 ba |
| 31 Tapscott St | $979,999 | 6 bd · 2 ba |
| 1034 Winthrop St | $999,999 | 6 bd · 3 ba |
| 170 E 96th St | $1,000,000 | 11 bd · 6 ba |
| 315 E 94th St | $1,000,000 | 10 bd · 6 ba |
| 131 E 93rd St | $1,050,000 | 7 bd · 6 ba |
| 187 E 91st St | $1,100,000 | 6 bd · 4 ba |
| 199 E 94th St | $1,194,999 | 9 bd · 4 ba |
| 1102 Winthrop St Apt 4 | $1,200,000 | 7 bd · 4 ba |
| 1128 Clarkson Ave | $1,200,000 | 3 bd · 2 ba |
| 211 E 96th St Apt 4 | $1,249,000 | 8 bd · 4 ba |
| 135 E 92nd St Unit 2 | $1,250,000 | 6 bd · 3 ba |
| 217 E 96th St Unit Multi | $1,500,000 | 10 bd · 4 ba |
| 217 E 96th St Unit Multi | $1,500,000 | 10 bd |
| 1017 Winthrop St | $1,675,000 | 14 bd · 6 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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