$1,988,888

Estimated payment $10,522/month

Total Views 1,528
8 Beds
8 Baths
5,492 Sq Ft
$362 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1-minute walk to Van Siclen Avenue (3,4 Line)
  • 1-minute walk to Sankofa Park
  • Baseboard Heating
  • Back Yard

About This Home

Enter into your next investment with a clean, modern 8-unit walk-up in the East New York section of Brooklyn. This solid brick building features seven one-bedroom apartments and one studio, delivering a strong 7.2% cap rate with minimal maintenance. The property sits on a 2,400 SF lot, spans 5,205 SF across four floors, and is zoned R6, b ideal for steady income and long-term appreciation. Investors can also purchase the identical next-door building at 778 Livonia Avenue, creating a rare 16-unit portfolio opportunity in one of Brooklyn’s fastest growing neighborhoods. The location is just minutes from the Van Siclen Avenue 3 train subway station, and within easy reach of the New Lots of Avenue 3 train, Junius Street 3 train, and Pennsylvania Avenue 3 train stations. Multiple bus lines are also within a short distance, including the B14, B15, B60, and B83, connecting residents throughout Brooklyn and to key transit hubs. With strong in place cash flow, excellent transit access, and the option to scale, this is a smart, high performing asset in a high demand rental market. Whether you’re completing a 1031 exchange, expanding your portfolio, or entering NYC’s investment landscape with scale this opportunity delivers on all fronts.

Don’t Miss This RARE, high-yield acquisition in one of New York City’s most undervalued multifamily markets.

Listing Agent

Lucy Badwan

Lucblue Realty LLC Listed on: 07/30/2025

Co-Listing Agent

Mymon Bousaleh

Lucblue Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $222

Year Built

  • Built in 2016

Lot Details

  • 2,399 Sq Ft Lot
  • Lot Dimensions are 100 x 24
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 5,492 Sq Ft Home
  • 4-Story Property
  • Partial Basement
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 4088

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $8,000
  • Utility Expense $1,098
  • Gross Income $173,400
  • Net Operating Income $144,053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$222

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Basement Amenities: Partial
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1392
  • Building Length: 58.00
  • Building Width: 24.00
  • Co List Office Mls Id: 119930
  • Co List Office Phone: (718) 500-1919
  • Confirmed By M L S Y N: Yes
  • Cross Street: Van Siclen Ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard
  • Number Of Families: 8
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 5492
  • Building Stories: 4
  • Street Name I D X: Livonia
  • Street Number I D X: 780
  • Year Built: 2016
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2399

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 20
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 24
  • Zoning: R6

Rental Info

  • Rent Income: 173400

Multi Family

  • Annual Gross Expense: 29147.00
  • Annual Gross Income: 173400
  • Insurance Expense: 8000.00
  • Property Net Operating Income: 144053.00
  • Unit Count: 8
  • Annual Utility Expenses: 1098.00

Tax Info

  • Flip Tax Amount: 222.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 For Sale $1,988,888 -- $362 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 494546

Brooklyn Board of REALTORS®

APN: 04088-0020