Investment Overview

Introducing a prime investment opportunity at 63 Schermerhorn Street, a well-established 69-unit residential building situated in the heart of Brooklyn Heights. With a certificate of occupancy granted in 2010, this property features a thoughtfully designed mix of 31 studios, 36 one-bedroom apartments, and one two-bedroom unit, catering to a diverse tenant demographic. Under Market Rents The average rents at 63 Schermerhorn Street are significantly below current market rates, presenting a substantial upside potential for investors. This positions the property as a lucrative opportunity to capitalize on the robust rental market in Brooklyn Heights. Strong Rental Demand Located in a vibrant neighborhood, the property benefits from its proximity to numerous colleges and universities, including St. Francis College, Brooklyn Law School, and NYU Polytechnic. This creates a steady demand for rental units from students and young professionals alike. Stable Cash Flow With a high occupancy rate typical of the area, investors can expect consistent cash flow and the potential for increased returns as rents are adjusted to align with market values. Desirable Location Brooklyn Heights is renowned for its historic charm, tree-lined streets, and breathtaking views of Manhattan. The area offers residents convenient access to public transportation, parks, and a variety of dining and shopping options, enhancing tenant appeal.