MLS#1000770
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 23
Property Description
Turn-Key 9-Unit Investment Opportunity in Prime Ocean Hill!Introducing 305 Sumpter Street, a turnkey 9-unit new development completed in 2021, ideally positioned in the high-demand Bedford-Stuyvesant rental market. Constructed with a modern brick and stucco façade, this asset offers investors a stable, income-producing property with significant long-term upside.The building features a desirable NINE unit mix:- Three free-market 2BR units with balcony; Three affordable housing 2BR units with balcony- Two free market 1BR/1.5BTH duplexes (one with private outdoor space)- One premier free market 1BR penthouse with two levels of private outdoor terraces and unobstructed Manhattan skyline viewsAll residences are outfitted with tenant-preferred finishes including 11' ceilings, hardwood flooring, granite countertops, stainless steel GE appliances (with dishwasher), and private balconies in select units. Every unit is filled with natural light and designed for maximum tenant retention.Financial Highlights:- Net Operating Income (NOI): $276,981 annually- Stabilized tenancy with 6 free-market units and 3 affordable units (curated by owner)- Low maintenance costs supported by Mitsubishi split units, low maintenance plumbing fixtures, AO Smith Water Heaters under warranty, and energy-efficient LED lighting throughout.- Strong amenity package including common backyard, panoramic rooftop deck, and basement laundry facilities- 421A Tax Abatement in place until 2056Just 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, ensuring exceptional connectivity across Brooklyn and Manhattan. The neighborhood continues to attract renters with local hot spots such as All Night Skate, Dolly's Coffee Shop, Kaiff Juice & Coffee, Marion Hopkinson Playground, and Peaches.With an NOI of $277K, modern finishes, strong transportation access, and a prime Bed-Stuy location, 305 Sumpter Street presents investors with immediate cash flow and long-term appreciation potential in one of Brooklyn's most dynamic neighborhoods.
Property Features
Property Type: Commercial -
Basement: See Remarks
Cooling: Electric
Heating: Electric
Lot Size: 0.06 Acres
Stories: 4.0
Taxes: $1,631
Year Built: 2018
Feature Descriptions
Appliances: Dishwasher
Building Area Total: 6084
Building Features: Balcony, Laundry, Walk Up
Exterior: Other
Flooring: Hardwood
Lot Features: Irregular Lot
On Market Date: 2026-05-16
Parcel Number: 01521-0065
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 9
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Local Schools
High School: Eagle Academy For Young Men Ii
Middle School: Brooklyn Environmental Exploration
Elementary School: Brooklyn Landmark Elementary School
School District: Brooklyn 23
Listed By / Shown By
Listing By
Agency Name: Capri Jet Realty Corp
Agency Contact: 718-388-2188
Shown By
Agent Name: Bryan de Vries
Agent Phone: (516) 350-0896
Agency Title: Coldwell Banker American Homes
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305 Sumpter Street | MLS# 1000770
This commercial property located at 305 Sumpter Street , Brooklyn, NY 11233 is currently listed for sale with an asking price of $3,800,000. Sumpter Street is located within the Brooklyn 23 school district. Search Brooklyn real estate on bryandevries.cbamhomes.com today.