180 Sumpter St
Listing Notes
8% CAP RATE !! **5 family alert** Rare opportunity to own a 5 unit building. All units are free market. Each apartment has two bedrooms, a living room, a dining area, kitchen and a bright bathroom. Gas and electric are separately metered. First floor apartment is the biggest, with 4 bedrooms and access to the backyard and garden. The Entire property has been well maintained through the years. This property has extremely low taxes of a less than $7,000 a year! Located just Two blocks from B25 and B7 buses and the A,C train at Ralph Ave station. J,Z trains available at the Chauncey Station. Two of the apartments are occupied and Three will be delivered vacant. This property has huge potential with a gross of $197,760 and an NOI of $170,354.68 Annually. It is also possible to put laundry in the building basement for extra income.
Price in context
Cheaper than 10% of the 10 homes listed nearby right now, which run $1,299,000 to $2,200,000.
See all 10 nearby listings
| Address | Asking | Size |
|---|---|---|
| 61 Hull St | $1,299,000 | 4 bd · 2 ba |
| 1954 Bergen St | $1,350,000 | 5 bd · 4 ba |
| 222 Patchen Ave | $1,350,000 | 5 bd · 2 ba |
| 858 Herkimer St | $1,395,000 | 3 bd |
| 1335 Bushwick Ave | $1,500,000 | 7 bd · 4 ba |
| 605A Decatur St | $1,599,000 | Studio · 3 ba |
| 85 Rockaway Ave | $1,690,000 | 4 bd · 3 ba |
| 1231 Putnam Ave | $1,820,000 | 5 bd · 4 ba |
| 1271 Bushwick Ave | $1,900,000 | 8 bd · 3.5 ba |
| 1244 Bushwick Ave | $2,200,000 | 10 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more