729 & 731 E 32nd Street

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Brooklyn New Construction | 12-Units

$5,400,000 Sales price

$556/SF Price per Ft

7.0% Cap Rate

Turnkey Brooklyn Multifamily Portfolio: Two adjacent, newly constructed (2021) four-story walk-up buildings in East Flatbush, comprising 12 beautifully appointed apartments totaling 9,720 SF.
Strong Yield & High Asset Efficiency: 100% occupied with an in-place NOI of $376,676. Offered at a $6,000,000 asking price, representing an attractive going-in cap rate, a 13.6x gross rent multiple, and a highly competitive $617 per square foot basis.
Highly Favorable Regulatory Profile: Ideal unit mix of ten 1-bedroom and two 2-bedroom layouts, featuring an advantageous split of eight free-market and four rent-stabilized units.
Insulated Revenue Stream: Predictable income mix driven by approximately 70% free-market revenue for immediate growth potential, balanced by 30% stable rent-stabilized cash flow.
Premium Construction & Design: Features 2021 luxury-tier interiors boasting spacious, high-ceiling layouts that maximize building depth and appeal to top-tier urban renters.