413 57th Street Attention property investors-this is a rare opportunity you don't want to miss. This newly constructed 7-story residential building features 12 units (2 units per floor) and is not subject to rent control, offering maximum income flexibility and long-term upside. Each floor consists of: - Front unit: 1-bedroom - Rear unit: 2-bedroom The property spans approximately 9, 000 square feet and is built with concrete and steel construction, ensuring durability, superior soundproofing, and minimal maintenance costs. Financial Highlights: - Current Net Operating Income (NOI): $349, 906 annually - Cap Rate: 6.6% - Additional upside: Potential T-Mobile rooftop lease for antenna installation, projected to generate an extra $50, 000 annually Key Features: - Tenants pay all utilities, including heat and hot water - Low operating expenses - Strong, stable income stream with additional upside Location: Situated in an excellent, high-demand area, just minutes to Manhattan via the N train, and adjacent to Park Slope, one of Brooklyn's most desirable