Location: Nestled in the heart of Park Slope metropolitan, this real estate portfolio represents a prime investment opportunity in one of the Metropolitan area's most sought-after neighborhoods.
Financial Highlights:
Cap Rate: 6% - This portfolio offers a strong capitalization rate, indicating a healthy return on investment.
Asking Price per Unit: $384,551 - The units are priced competitively, considering the high-demand location and the quality of the properties.
Property Details:
Renovations: Most units in this portfolio have been renovated, featuring Great layouts & finishes, ensuring attractiveness to potential renters.
Well-Maintained Portfolio: The properties have been meticulously maintained, ensuring they remain in top condition, which not only enhances tenant satisfaction but also preserves the long-term value of the investment.
Rental Rates: Currently, rents are set below the market average. This presents a significant upside potential for investors to increase rental income, especially considering the area's high demand for housing.
Unit Composition: Approximately 75% of the units are classified as free market, offering greater flexibility in rent setting and tenant selection. This mix provides a balance between stable, regulated income and the potential for market-rate revenue growth.
Investment Appeal:
Location Advantage: Park Slope is renowned for its charming streets, proximity to key amenities, and strong community feel, making it an attractive location for renters.
Growth Potential: With most units being free market and current rents below the area's average, there's considerable scope for rental income growth. This, coupled with the portfolio's renovations, makes it an attractive proposition for long-term value appreciation.
Represented exclusively By Afik Even & Sarig Brand
917.496.1622 / Afikeven@Massada.com