Property summary
This exceptional eight-unit multifamily building presents a compelling investment opportunity in the desirable Ditmas Park neighborhood of Brooklyn, New York. Located at 614 Marlborough Road, this 5,750 square foot, four-story walk-up building boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $133,659. The property, built in 1931 and extensively renovated in 2015, features luxury finishes throughout its eight units. Each unit commands a price of $281,250, contributing to the attractive asking price of $2,250,000. The building sits on a 2,000 square foot lot and is zoned R6A. With a price per square foot of $391.30 and a strong 5.94% cap rate, this stabilized investment is ideal for a 1031 exchange. The property's excellent financial performance, prime location, and recent renovations make it a highly sought-after asset in the competitive Brooklyn real estate market. This fee simple ownership offers a secure and lucrative investment opportunity with significant potential for future appreciation. The building's strong cash flow and high occupancy rate provide immediate returns, making it an attractive option for discerning investors.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R6A · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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