
Courtesy of: Avraham Birnbaum, TWELVE STONES REALTY, ab@twelvestonesrealty.com
$1,250,000
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10 bed
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3,075 square feet
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4.00 Bath (4 Full)
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Other
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$1,250,000
643 Osborn Street 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.
Courtesy of: Avraham Birnbaum, TWELVE STONES REALTY, ab@twelvestonesrealty.com
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