MultiFamily Property at 2278 Strauss Street in Brooklyn
$1,400,000
2278 Strauss Street, Brooklyn, NY 11212
2,920 SF
Square Feet
$479
PPSF
4
Units
300.0K
PPU
Property Description
Units
4 — PPU: 300.0K
Asset CRG Advisors, LLC, has been exclusively retained to market 2278 Strauss Street, a fully renovated two-story multifamily building consisting of four residential units, located in the Brownsville neighborhood of Brooklyn.
Originally built in 1930 and fully renovated in 2022, the property is built with 2,920 square feet with an additional 2,470 buildable square feet, offering a stable multifamily footprint with potential for long-term income and value enhancement.
The four residential units consist of three 3-bedrooms and one 2-bedroom. The property benefits from convenient transit access near the Sutter Avenue– Rutland Road Station and Rockaway Avenue Station, providing service via the 3 subway line. Proximity to local retail corridors, community facilities, and public transportation enhances the asset’s appeal for tenants and investors alike, making it a compelling opportunity in an evolving Brooklyn market.
Property Details
Asset Type
MultiFamily
Zoning
R6
Lot Size
2,450 SF
Neighborhood
Brownsville
Submarket
Brooklyn
ZIP
11212
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$79,641
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$6,637
Annual Debt Service
$79,641
View on Map
Address
2278 Strauss Street
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.