Turn-Key 9-Unit Investment
305 Sumpter Street, Brooklyn, NY 11233
New
- Added:
- May 16, 2026
- Days on Market:
- 7
- Last Refresh:
- May 22 at 12:06 pm
Property Features for 305 Sumpter Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Dishwasher
- Standard status
- Active
- APN
- 01521-0065
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1631
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 4
- Number of units
- 9
- Flooring type
- Hardwood
Listing agent Robert Napolitano License #31NA0992911 (718) 388-2188
Listing office Capri Jet Realty Corp 533 Metropolitan Ave, Brooklyn, NY (718) 388-2188
Listing date May 16, 2026
MLS# 1000770
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turn‑key 9‑unit new development completed in 2021, situated in prime Ocean Hill/Bedford‑Stuyvesant.
- Strong income‑producing property boasting a Net Operating Income (NOI) of $276,981 annually.
- 421A Tax Abatement in place until 2056.
- Desirable unit mix including free‑market and affordable housing units, some with balconies and private outdoor space, plus a penthouse with Manhattan skyline views.
- Excellent transportation access with close proximity to J, A/C, and L trains.
- Low maintenance costs due to modern construction and energy‑efficient features.
Overview
This is a turnkey 9-unit new development completed in 2021, located in the Bedford-Stuyvesant rental market. Constructed with a modern brick and stucco facade, this property offers a stable, income-producing opportunity. The building features nine units: three free-market 2-bedroom units with balconies, three affordable housing 2-bedroom units with balconies, two free market 1-bedroom/1.5-bathroom duplexes (one with private outdoor space), and one premier free market 1-bedroom penthouse with two levels of private outdoor terraces and unobstructed Manhattan skyline views. Residences are outfitted with 11-foot ceilings, hardwood flooring, granite countertops, stainless steel GE appliances (with dishwasher), and private balconies in select units. The property has a Net Operating Income (NOI) of $276,981 annually, stabilized tenancy with 6 free-market units and 3 affordable units. Low maintenance costs are supported by Mitsubishi split units, low maintenance plumbing fixtures, AO Smith Water Heaters under warranty, and energy-efficient LED lighting throughout. Amenities include a common backyard, panoramic rooftop deck, and basement laundry facilities. A 421A Tax Abatement is in place until 2056. The property is located 3 blocks from the J train at Chauncey St, 4 blocks from the A/C at Rockaway Ave, and 6 blocks from the L train at Bushwick Ave. The neighborhood attracts renters with local hot spots such as All Night Skate, Dolly's Coffee Shop, Kaiff Juice & Coffee, Marion Hopkinson Playground, and Peaches.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.91259
- Latitude
- 40.681087
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 9-unit property in Bedford-Stuyvesant with strong income and modern finishes.
Where is this apartment building located?
The property is located at 305 Sumpter Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Turn‑key 9‑unit new development completed in 2021, situated in prime Ocean Hill/Bedford‑Stuyvesant.; Strong income‑producing property boasting a Net Operating Income (NOI) of $276,981 annually.; 421A Tax Abatement in place until 2056.
