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Berriman Portfolio
Brooklyn, NY

$2,100,000 USD

Multifamily For Sale  •  15,475 SF

2 Properties View all

Property Details

  • Property Type Multifamily
  • Cap Rate 10.34 %
100 Transit Score
78 Walk Score

Highlights

Two fully brick properties located on the same block for simplified management
High CAP rate providing strong cash flow and return on investment
Tax-protected status for enhanced long-term profitability
Convenient access to public transportation — near Shepherd Ave (A/C) and New Lots Ave (3) subway stations
Located in East New York, a rapidly developing Brooklyn neighborhood with high rental demand
Large lot sizes offering outdoor space and potential for future development

Financial Summary (Actual)

Net Operating Income: $217,070 USD (2024)
Cap Rate: 10.34 %
Total Expenses: $127,406 USD

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) 8 min - 2.6 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) 14 min - 4.8 mi
Transit/SubwayDriveWalkDistance
New Lots Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
Shepherd Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
Van Siclen Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
Euclid Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 16 min 0.8 mi
Van Siclen Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
John F Kennedy International 13 min - 6.9 mi
LaGuardia 23 min - 13.9 mi
Newark Liberty International 41 min - 20.6 mi
Avraham Birnbaum 973-873-8444 Twelve Stones Realty LLC
Avraham Birnbaum 973-873-8444 Twelve Stones Realty LLC