- For Sale $1,400,000
- Property Type Multi-Family
- Property Size 5,600 SF
- Units 8
- Lot Size 0.05 Acre
- Cap Rate % 5.33
- Rental Income / YR $122,388.00
- NOI / YR $74,568.00
- Taxes / YR $11,726.00
- Zoning R5, C2-3
- # of Floors 4
- Building Class C
- Year Built 1910
- Date Updated Jul 17, 2026
Description
Investment highlights
- 8-unit rent-stabilized multifamily property
- $74,568 Net Operating Income (NOI)
- 5,600 SF across four stories
- 39% expense ratio
- Stable, recurring rental income
- Opportunity for long-term income growth
- Excellent Brooklyn location with strong tenant demand
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Contacts
Lion Group Realty Corp
The Lion Real Estate
CEO/Founder
Location
Located at 190 Rockaway Ave, Brooklyn, NY 11233, this property is part of the Ocean Hill neighborhood and Brooklyn market.
Contact Listing Broker
Lion Group Realty Corp
The Lion Real Estate
CEO/Founder
