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490 19th Street, Brooklyn, New York, 11215

$4,500

3

Beds

2

Bathrooms

2,400

Building Sqft

0.04

Acres

1,670

Lot Sqft

About 490 19th Street

Located just steps from Prospect Park in prime, this beautifully maintained 9-unit multifamily building offering strong in-place income and long-term upside. The property includes six free market and three rent-stabilized units, featuring a mix of one- and two-bedroom layouts ranging from approx. 550 to 1,000 sq ft. All apartments have been recently renovated and are in excellent condition. Current gross monthly income is $33,350, or over $400K annually. With reported annual expenses adjusted for recent capital improvements, the projected NOI exceeds 500k, resulting in a higher cap rate. This turnkey asset is ideal for investors seeking stable returns in a high-demand Brooklyn neighborhood, near Prospect Park, top schools, shopping, dining, and transportation

Features of 490 19th Street

MLS® #
493274
Bedrooms
3
Bathrooms
2
Acres
0.04
Type
Rental
Price
$4,500
Square Footage
2,400
Year Built
1915
Sub-Type
Multi-Family

Community Information

Address
490 19th Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11215

Listing Information

Agent Name
Peter Mancini
Agent Office
Pen Realty LLC

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(718) 987-7900