2828 W 19th Street
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For Sale
Four-family walk-up in Coney Island. 4 free-market two-bedroom units generating $102,000/yr in gross income, none rent stabilized. Approximately 3,000 SF, steps to the D/F/N/Q at Coney Island-Stillwell Ave. Asking $1,200,000. " title="Share on Facebook" target="_blank" onclick="return !window.open(this.href, 'Facebook', 'width=600,height=500')"> Facebook -
For Sale
Four-family walk-up in Coney Island. 4 free-market two-bedroom units generating $102,000/yr in gross income, none rent stabilized. Approximately 3,000 SF, steps to the D/F/N/Q at Coney Island-Stillwell Ave. Asking $1,200,000. " title="Share on LinkedIn" onclick="return !window.open(this.href, 'LinkedIn', 'width=600,height=500')"> LinkedIn -
For Sale
Four-family walk-up in Coney Island. 4 free-market two-bedroom units generating $102,000/yr in gross income, none rent stabilized. Approximately 3,000 SF, steps to the D/F/N/Q at Coney Island-Stillwell Ave. Asking $1,200,000. https://www.veradaretail.com/listings/2828-w-19th-street-multifamily/"> Email
Coney Island, Brooklyn
Asking Price
$1,200,000
Cap Rate (In-Place)
6.52%
Price Per SF
$400/SF
2828 West 19th Street is a four-family walk-up in Coney Island, Brooklyn, offered at $1,200,000. All four apartments are free-market two-bedrooms, none rent stabilized, generating $102,000 in gross scheduled income with tenants covering their own utilities. Estimated NOI runs $78,253, a 6.52% in-place cap rate on approximately 3,000 SF.
Property Highlights
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All 4 units free market, no rent stabilization
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$400/SF ask sits inside the $299 to $464/SF comp range nearby
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Total opex of $23,747/yr keeps cash flow strong for the size
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Steps to the D/F/N/Q hub at Coney Island, Stillwell Avenue
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Fits investors, 1031 buyers, and owner-occupant buyers
Financial Snapshot
Total Rent Roll
$102,000/yr
Residential Units
4, all free market
Est. NOI
$78,253
Expected Sale Range
$1.12M to $1.30M
Transit
D / F / N / Q — Coney Island-Stillwell Ave
Well Suited For
Investor
1031 Buyer
Owner-Occupant
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For Sale
Four-family walk-up in Coney Island. 4 free-market two-bedroom units generating $102,000/yr in gross income, none rent stabilized. Approximately 3,000 SF, steps to the D/F/N/Q at Coney Island-Stillwell Ave. Asking $1,200,000. " title="Share on Facebook" target="_blank" onclick="return !window.open(this.href, 'Facebook', 'width=600,height=500')"> Facebook -
For Sale
Four-family walk-up in Coney Island. 4 free-market two-bedroom units generating $102,000/yr in gross income, none rent stabilized. Approximately 3,000 SF, steps to the D/F/N/Q at Coney Island-Stillwell Ave. Asking $1,200,000. " title="Share on LinkedIn" onclick="return !window.open(this.href, 'LinkedIn', 'width=600,height=500')"> LinkedIn -
For Sale
Four-family walk-up in Coney Island. 4 free-market two-bedroom units generating $102,000/yr in gross income, none rent stabilized. Approximately 3,000 SF, steps to the D/F/N/Q at Coney Island-Stillwell Ave. Asking $1,200,000. https://www.veradaretail.com/listings/2828-w-19th-street-multifamily/"> Email
Location
2828 W 19th Street
Brooklyn, NY 11224
Brooklyn, NY 11224
Occupancy
Immediate