2227 83rd Street Brooklyn, NY 11214
Listing Courtesy of: BROOKLYN / Re/Max Edge

  2227 83rd Street Brooklyn, NY 11214

Active (3 Days)
$5,500,000
19
BATH
18,480
SQFT

Description

A Prime Investment Opportunity in Bensonhurst – Oversized 19-Family Building. Located in the heart of Bensonhurst, one of Brooklyn’s most sought-after neighborhoods, this fully detached 19-family building is a rare find. Situated on an oversized 60’ x 100’ lot with a 60’ x 77’ building size, this property offers exceptional space and income potential. The unit mix includes 14 spacious one-bedroom apartments and 5 well-designed two-bedroom apartments.

This well-maintained building features an 8-year-old roof, a new heating and hot water boiler, and 19 gas meters that are separately metered for tenants’ convenience. The basement storage generates an additional $3,000 per month in income. A recently installed backflow prevention water clock system, valued at $22,000, ensures smooth operation and complies with all inspections. Additionally, 15 kitchens have been newly renovated with modern interiors, while 4 other units remain in excellent condition. The building also offers full camera surveillance for added security, making it a turnkey, hassle-free investment.

Located in an excellent Bensonhurst neighborhood, the property is situated near the Belt Parkway and the D Train subway line, offering easy access to transportation. It is also just a short distance from 86th Street shopping, where numerous shops, restaurants, and amenities await.

Financially, the property boasts an impressive annual income of $394,500 against annual expenses of $119,328, providing a solid 5.5% cap rate. The seller is offering owner financing with 50% down at a competitive 5% interest rate and a 10-year balloon payment, presenting a unique opportunity to secure a high-income property with flexible terms.

Whether you’re planning for long-term investment growth or seeking a high-performing asset, this building is a smart and strategic choice.

MLS #:
490453
Taxes
$64,428
Lot Size
6,000 SQFT
Type
Multifamily
Year Built
1931
County
Kings County

Listed By

Michelle J. Zhang, Re/Max Edge
Source
BROOKLYN
Last checked Apr 3 2025 at 6:38 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 19
Lot Information
  • Yard: Front
  • Yard: Back
Property Features
  • Foundation: Stone
  • Foundation: Block
Heating and Cooling
  • Steam/Radiator
Basement Information
  • Other
  • Separate Entrance
  • Finished
Flooring
  • Tile
  • Stone
Exterior Features
  • Brick
  • Roof: Rubber
Utility Information
  • Fuel: Gas
Stories
  • 4
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by C21 Awaye Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Brooklyn MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/2/25 23:38