- For Sale $1,200,000
- Property Type Multi-Family
- Property Size 3,000 SF
- Units 4
- Lot Size 0.06 Acre
- Cap Rate % 6.52
- Rental Income / YR $102,000.00
- NOI / YR $78,253.00
- Year Built 1901
- Date Updated Aug 18, 2026
Description
Verada, as exclusive agent, is pleased to offer for sale 2828 West 19th Street, a four-family walk-up in Coney Island, Brooklyn.
The property consists of four free-market two-bedroom apartments totaling approximately 3,000 SF. Tenants pay their own unit utilities, generating $102,000 in annual gross scheduled income.
Estimated NOI is $78,253 after real estate taxes, water/sewer, insurance, and maintenance and management reserves. The $1,200,000 ask equals a 6.52% in-place cap rate and $400/SF, within the range of five recent Coney Island-area multifamily sales.
None of the four units are rent stabilized, giving a buyer both stabilized in-place income and turnover upside over time.
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Contacts
Julia Zoraian
Verada
David Dubinksy
Location
Located at 2828 W 19th St, Brooklyn, NY 11224, this property is part of the Coney Island neighborhood and Brooklyn market.
Contact Listing Broker
Julia Zoraian
Verada
