643 Osborn St
Listing Notes
Value-Add 4-Unit Multifamily Investment | Over 10.6% Pro Forma Cap Rate Don't miss this outstanding opportunity to acquire a 4-unit multifamily building in the rapidly evolving Brownsville neighborhood of Brooklyn. This income-producing asset offers immediate cash flow with substantial upside through leasing and rental growth. The property features: Three 2-bedroom, 1-bath apartments One 3-bedroom, 1-bath apartment Finished basement generating additional income The building is currently producing approximately $137,556 in annual gross income, with the potential to increase to over $160,000 annually based on projected rents. Investment Highlights Projected 10.65% Cap Rate Projected NOI: $133,124 Purchase Price: $1,250,000 R6 Zoning 25' x 100' Lot Approximately 3,075 SF Building Built in 1930 Stable tenant base with government-assisted rental programs Excellent value-add opportunity through lease-up and rent optimization Ideally situated on Osborn Street, the property is conveniently located near public transportation, schools, shopping, parks, and neighborhood amenities, providing strong long-term rental demand. Whether you're an experienced investor or expanding your multifamily portfolio, 643 Osborn Street presents an exceptional opportunity to acquire a solid Brooklyn asset with immediate income and significant upside potential. Contact us today for the complete financial package, rent roll, and to schedule a private tour.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $700,000 to $1,449,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 615 Chester St | $700,000 | 6 bd · 2 ba |
| 529 Powell St | $729,000 | 3 bd · 3 ba |
| 529 Powell St | $729,000 | 3 bd · 3 ba |
| 587 Osborn St | $749,000 | 5 bd · 3 ba |
| 428 Newport St | $799,000 | 5 bd · 2 ba |
| 607 E 96th St | $799,000 | 4 bd · 3 ba |
| 524 Chester St | $799,900 | 7 bd · 3 ba |
| 569 Chester St | $889,999 | 8 bd · 2 ba |
| 898 Thomas S Boyland St | $979,000 | 6 bd · 5 ba |
| 715 Rockaway Pkwy | $995,000 | 9 bd · 3 ba |
| 685 Rockaway Pkwy | $999,000 | 9 bd · 1 ba |
| 708 Snediker Ave | $999,900 | 6 bd · 4 ba |
| 770 Snediker Ave | $1,039,000 | 3 bd · 2 ba |
| 450 Newport St | $1,039,000 | 7 bd · 2 ba |
| 639 Watkins St | $1,125,000 | 5 bd · 5 ba |
| 626 Rockaway Pkwy | $1,149,000 | 5 bd · 4 ba |
| 468 Herzl St | $1,149,000 | 6 bd · 5 ba |
| 652 Watkins St | $1,150,000 | 7 bd · 4 ba |
| 690 E 96th St | $1,200,000 | 6 bd · 5 ba |
| 419 Amboy St | $1,200,000 | 7 bd · 4 ba |
| 670 E 98th St | $1,200,999 | 6 bd · 3 ba |
| 637 Rockaway Pkwy | $1,295,000 | 8 bd · 3 ba |
| 909 Mother Gaston Blvd | $1,299,000 | 7 bd · 4 ba |
| 106 Newport St | $1,449,000 | 9 bd · 14 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more