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Listed price in listed location currency (USD).
$3,800,000

000

MLS® 1000770

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $1,631
Days Active 0
Lot Size 
Approx. Age 2018
MLS® Number 1000770

Property Address: 305 Sumpter St, Brooklyn, NY, 11233-6838

Average square foot calculated using Size range provided by listing agent.

Description

Turn-Key 9-Unit Investment Opportunity in Prime Ocean Hill! Introducing 305 Sumpter Street, a turnkey 9-unit new development completed in 2021, ideally positioned in the high-demand Bedford-Stuyvesant rental market. Constructed with a modern brick and stucco façade, this asset offers investors a stable, income-producing property with significant long-term upside. The building features a desirable NINE unit mix: – Three free-market 2BR units with balcony; Three affordable housing 2BR units with balcony – Two free market 1BR/1.5BTH duplexes (one with private outdoor space) – One premier free market 1BR penthouse with two levels of private outdoor terraces and unobstructed Manhattan skyline views All residences are outfitted with tenant-preferred finishes including 11’ ceilings, hardwood flooring, granite countertops, stainless steel GE appliances (with dishwasher), and private balconies in select units. Every unit is filled with natural light and designed for maximum tenant retention. Financial Highlights: – Net Operating Income (NOI): $276, 981 annually – Stabilized tenancy with 6 free-market units and 3 affordable units (curated by owner) – Low maintenance costs supported by Mitsubishi split units, low maintenance plumbing fixtures, AO Smith Water Heaters under warranty, and energy-efficient LED lighting throughout. – Strong amenity package including common backyard, panoramic rooftop deck, and basement laundry facilities – 421A Tax Abatement in place until 2056 Just 3 blocks from the J train at Chauncey St, 4 blocks from the A/C at Rockaway Ave, and 6 blocks from the L train at Bushwick Ave, ensuring exceptional connectivity across Brooklyn and Manhattan. The neighborhood continues to attract renters with local hot spots such as All Night Skate, Dolly’s Coffee Shop, Kaiff Juice & Coffee, Marion Hopkinson Playground, and Peaches. With an NOI of $277K, modern finishes, strong transportation access, and a prime Bed-Stuy location, 305 Sumpter Street presents investors with immediate cash flow and long-term appreciation potential in one of Brooklyn’s most dynamic neighborhoods.
MLS® Number1000770
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2018
BasementSee Remarks
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 16, 2026List Date
$3,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
305 Sumpter St, Brooklyn, NY

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