208 Sumpter Street, New York, NY, 11233
$1,750,000
activeLot Size
2,633 sqft
Year Built
1910
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Sida Zhuoma CBR, Sida Realty Group Inc
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jun 22, 2026, 2:58 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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