Multifamily
1729 67th Street
1729 67th St, Brooklyn, NY 11204
Listing Price: $6,900,000
Investment Overview
Marcus & Millichap is pleased to offer 1729 67th Street, a beautifully maintained 59-unit, rent-stabilized multifamily building with a very strong 8.2% day-1 cap rate and only asking $112/sf and $117k/unit.
The property has been exceptionally well maintained over time and features extremely clean common areas and solid building systems throughout. It is a stable, orderly asset with a level of cleanliness and maintenance that stands out within the submarket. Investors are acquiring true in-place yield on day one with minimal arrears.
In addition, there is very competitive financing available, which can support approximately 10.8% cash-on-cash returns based on the current income and structure. The combination of scale, strong physical condition, excellent transit access, and an 8.2% going-in cap presents a compelling opportunity to secure stable cash flow at an attractive entry point in today’s market.
1729 67th Street
Investment Highlights
- 1729 67th Street, built in 1930, comprises 59 units, spanning 4 stories, approx. 61,740 SF.
- Tax Class: 2 | Zoning: R5 | 100% Rent-Stabilized
- The property benefits from being located just steps from the N and D subway lines, offering direct access to Manhattan and strong connectivity throughout Brooklyn.
Exclusively Listed By
Financing By
Listing Price: $6,900,000
Investment Highlights
- 1729 67th Street, built in 1930, comprises 59 units, spanning 4 stories, approx. 61,740 SF.
- Tax Class: 2 | Zoning: R5 | 100% Rent-Stabilized
- The property benefits from being located just steps from the N and D subway lines, offering direct access to Manhattan and strong connectivity throughout Brooklyn.
Investment Overview
Marcus & Millichap is pleased to offer 1729 67th Street, a beautifully maintained 59-unit, rent-stabilized multifamily building with a very strong 8.2% day-1 cap rate and only asking $112/sf and $117k/unit. The property has been exceptionally well maintained over time and features extremely clean common areas and solid building systems throughout. It is a stable, orderly asset with a level of cleanliness and maintenance that stands out within the submarket. Investors are acquiring true in-place yield on day one with minimal arrears. In addition, there is very competitive financing available, which can support approximately 10.8% cash-on-cash returns based on the current income and structure. The combination of scale, strong physical condition, excellent transit access, and an 8.2% going-in cap presents a compelling opportunity to secure stable cash flow at an attractive entry point in today’s market.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
