2227 83rd Street

A Prime Investment Opportunity in Bensonhurst – Oversized 19-Family Building. Located in the heart of Bensonhurst, one of Brooklyn’s most sought-after neighborhoods, this fully detached 19-family building is a rare find. Situated on an oversized 60’ x 100’ lot with a 60’ x 77’ building size, this property offers exceptional space and income potential. The unit mix includes 14 spacious one-bedroom apartments and 5 well-designed two-bedroom apartments.

This well-maintained building features an 8-year-old roof, a new heating and hot water boiler, and 19 gas meters that are separately metered for tenants’ convenience. The basement storage generates an additional $3,000 per month in income. A recently installed backflow prevention water clock system, valued at $22,000, ensures smooth operation and complies with all inspections. Additionally, 15 kitchens have been newly renovated with modern interiors, while 4 other units remain in excellent condition. The building also offers full camera surveillance for added security, making it a turnkey, hassle-free investment.

Located in an excellent Bensonhurst neighborhood, the property is situated near the Belt Parkway and the D Train subway line, offering easy access to transportation. It is also just a short distance from 86th Street shopping, where numerous shops, restaurants, and amenities await.

Financially, the property boasts an impressive annual income of $394,500 against annual expenses of $119,328, providing a solid 5.5% cap rate. The seller is offering owner financing with 50% down at a competitive 5% interest rate and a 10-year balloon payment, presenting a unique opportunity to secure a high-income property with flexible terms.

Whether you’re planning for long-term investment growth or seeking a high-performing asset, this building is a smart and strategic choice.