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Sunset Park Multifamily Portfolio

Sunset Park Multifamily Portfolio
FOR SALE
View more

$19,000,000

614 40th Street, Brooklyn, NY 11232

27,712 SF

Square Feet

$686

PPSF

7.08%

CAP

Property Description

NOI

$1,344,741

Cap Rate

7.08%

Matheos Realty Group has been exclusively retained to represent ownership in the sale of a well-maintained,

income-producing four-building multifamily portfolio located in the heart of Sunset Park, Brooklyn. The portfolio

consists of 114 residential units—112 of which are rent-stabilized and 2 free market—spanning approximately

84,520 square feet.

Meticulously managed, each building features on-site laundry facilities and offers a quality living environment,

contributing to strong tenant retention and long-term stability. With a total gross annual income of $2,315,460

and a net operating income of $1,344,741, the portfolio presents a rare opportunity to acquire significant scale in

one of Brooklyn’s most resilient and demand-driven submarkets.

Sunset Park is one of Brooklyn’s most historic and culturally rich neighborhoods, originally developed in the early

1900s as a residential hub for working-class families. The neighborhood has seen steady growth and

revitalization over the last two decades while maintaining its deep-rooted sense of community. Anchored by its

namesake 24.5-acre park with sweeping views of Manhattan and the Statue of Liberty, the area is now home to a

dynamic blend of multi-generational families, artists, and young professionals.


Property Details

Asset Type

MultiFamily

Year Built

1935

Zoning

R6B

Lot Size

10,017 SF

Neighborhood

Sunset Park

Submarket

Brooklyn

ZIP

11232

Listing Type

sale

Net Operating Income (NOI)

$2,133,431

Debt Service Coverage Ratio (DSCR)

1.97x

Cap Rate

11.23%

Cash Flow (Annual)

$1,052,595

Cash-on-Cash Return

22.16%

Monthly Debt Service

$90,070

Annual Debt Service

$1,080,836

View on Map

Address

614 40th Street

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Isaiah Thomas

Isaiah Thomas

Director

18 closed

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Peter Matheos

Peter Matheos

Founder & CEO

21 closed

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Send a Message

Isaiah Thomas

Isaiah Thomas

Director

18 closed

Call
Peter Matheos

Peter Matheos

Founder & CEO

21 closed

Call