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509 Saratoga Ave
Brooklyn, NY 11212 Brownsville

$5,000,000 USD

Apartments For Sale  •  21,292 SF

Property Details

  • Property Type Apartments
  • Total Building Size 21,292 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 7.63 %
  • Zoning R6, C4-3
100 Transit Score
100 Walk Score

Highlights

Stable, Rent-Regulated Cash Flowing: Fully occupied 32-unit walk-up apartment building.
Well-Maintained Asset 4-story prewar brick building, zero deferred maintenance.
Strong Location in Brownsville, Brooklyn Between Pitkin and Sutter Avenues , near retail corridors and multiple transit lines.
Upside Potential: Several leases show opportunity for rent adjustments upon turnover or renewal.
Fully leased 32-unit rent-stabilized building with consistent collections.

Property Flyers

Cap Rate: 7.63 %

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 2 min - 1.1 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 9 min - 2.7 mi
Transit/SubwayDriveWalkDistance
Saratoga Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
Sutter Avenue-Rutland Road (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
Rockaway Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 3 min 16 min 0.8 mi
Rockaway Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
John F Kennedy International 18 min - 10.1 mi
LaGuardia 22 min - 11.9 mi
Newark Liberty International 37 min - 18.8 mi
Eric Delafraz 516-477-5951 Bridge Advisory Group
Eric Delafraz 516-477-5951 Bridge Advisory Group