1729 67th Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11204

Investment Figures

Cap rate
8.20%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. 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.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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