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$1,719,375
List Price: $1,750,000
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208 Sumpter Street
House in Ocean Hill •  building info
studio • 2,633ft² $665 per ft²
Buy with Yoreevo

$1,719,375

List Price

$1,750,000

Key Details
Days on market
2
Last price change
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Estimated payment
$10,385/mo
Taxes
$942/mo
Maintenance
N/A
Description
Outstanding investment opportunity in the heart of Brooklyn! This well-maintained 8-family brick building features eight spacious 3-bedroom apartments, offering a rare and highly desirable unit mix. Pride of ownership is evident throughout the property, which has been carefully maintained and is in excellent condition. The building generates strong and stable rental income with an estimated annual gross income of approximately $138,609 and an estimated NOI of $101,235. At the asking price of $1,750,000, the property offers an attractive estimated 5.8% cap rate, making it an exceptional addition to any investment portfolio. Situated on a prime residential block, the property is conveniently located near public transportation, schools, shopping, restaurants, parks, and major thoroughfares. The neighborhood continues to experience strong rental demand, contributing to the property's long-term investment appeal. Property Features: 8-Family Brick Building, Eight Large 3-Bedroom Apartments, Excellent Building Condition, Strong Income-Producing Asset, Approximate Annual Gross Income: $138,609. Estimated NOI: $101,235 Approximate 5.8% Cap Rate Desirable Brooklyn Location Close to Subway, Bus Lines, Shopping, Dining, and Schools Ideal for Investors Seeking Stable Cash Flow A rare opportunity to acquire a turnkey multifamily property with strong financials, excellent occupancy history, and a highly sought-after location in Brooklyn. Whether expanding an existing portfolio or completing a 1031 exchange, this property offers immediate income and long-term value.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,750,000
Asking Price: $1,750,000
Term
30 Years
Down Payment
$175,000 (10%)
Min: 10% (175,000)
Rate
6.0 %
Mortgage Amount
$1,575,000
Mortgage Payment
$9,443
Taxes
$942
Estimated Yoreevo rebate
$30,625
Estimated closing cost
$62,000
Total monthly cost $10,385
Buy your dream home with us and get an estimated
$30,625 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Sida Realty Group Inc

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