This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

965 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

771 E 32nd St

12 Unit Apartment Building $5,000,000 ($416,667/Unit) 6.51% Cap Rate Brooklyn, NY 11210

Apartment Buildings New York Brooklyn 771 E 32nd St, Brooklyn, NY 11210

Investment Highlights

  • Well-Located: Just blocks from Target and Brooklyn College, two key economic engines for Central Brooklyn
  • High-End Finishes: Units are outfitted with high-end appliances, fixtures, central heating / cooling and all have private terraces, rooftops
  • High Legal Rents: 4 of 12 units are rent stabilized per the 421a tax abatement – current rents for stabilized units average $2,348/mo.
  • 2019 Construction: Properties is highly efficient and represents turn-key cashflow with very low maintenance
  • 421a Tax Abatement: Properties benefit from 421a tax abatement (expires 2057), with current total taxes of just $3,737 per year
  • Path To Fully Free Market: Four stabilized units can be converted to free market upon tenant turnover after abatement expiration.

Executive Summary

Broker of Record
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price $5,000,000 Apartment Style Mid Rise
Price Per Unit $416,667 Building Class C
Sale Type Investment Lot Size 0.05 AC
Cap Rate 6.51% Building Size 6,096 SF
No. Units 12 No. Stories 4
Property Type Multifamily Year Built 2019
Property Subtype Apartment
Price $5,000,000
Price Per Unit $416,667
Sale Type Investment
Cap Rate 6.51%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.05 AC
Building Size 6,096 SF
No. Stories 4
Year Built 2019

Links

1 of 1
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 07560-0014 Improvements Assessment $320,400
Land Assessment $69,300 Total Assessment $389,700

PROPERTY TAXES

Parcel Number
07560-0014
Land Assessment
$69,300
Improvements Assessment
$320,400
Total Assessment
$389,700

zoning

Zoning Code R6
R6
(914) 584-7422

Contacts

  • Listing ID: 33870104

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 771 E 32nd St, Brooklyn, NY 11210

More public record information on 771 E 32nd St, Brooklyn, NY 11210

The South Brooklyn Multifamily Property at 771 E 32nd St, Brooklyn, NY 11210 is currently available. Contact Matthews Real Estate Investment Services for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
771 E 32nd St, Brooklyn, NY for sale Primary Photo- Image 1 of 4
771-773 hero wm
771 E 32nd St, Brooklyn, NY for sale Building Photo- Image 2 of 4
771-773 wm
771 E 32nd St, Brooklyn, NY for sale Building Photo- Image 3 of 4
771-773 2 wm

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

771 E 32nd St
(914) 584-7422 x

771 E 32nd St

1/5

DJ Johnston

(914) 584-7422

(914) 584-7422

Bobby Lawrence

(718) 554-0337

(718) 554-0337

Bryan Kirk

(313) 402-0917

(313) 402-0917

Jermaine Pugh

(718) 701-5129

(718) 701-5129

Henry Hill

(718) 874-8539

(718) 874-8539

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link