Property Description

244 Sumpter Street, a six-unit, rent-stabilized multifamily property located in the heart of Bedford-Stuyvesant, Brooklyn.

🔹 Property Highlights:
✔ Stable Cash Flow: NOI of approximately $90,000
✔ High Cap Rate: Offered at a 7.5% cap rate – a rare find in this competitive market
✔ Turnkey Investment: All six 2-bedroom railroad-style units are occupied, with tenants up to date on rent and no arrears
✔ Prime Location: Situated in a rapidly appreciating neighborhood with access to subway lines, local restaurants, and shopping
✔ Future Upside: Long-term potential for value-add renovations or redevelopment under current zoning

💰 Investor Benefits:

Secure long-term rental income with minimal management hassle
Capitalize on Brooklyn’s growing rental market and increasing demand for stabilized housing
Strong fundamentals in a transit-oriented, high-demand neighborhood
📩 For financials, comps, and further details, contact us today! This is a prime opportunity for investors looking for steady returns in one of Brooklyn’s most sought-after neighborhoods.