643 Osborn St, Brooklyn, NY, 11212
About This Home
Value-Add 4-Unit Multifamily Investment | Over 10.6% Pro Forma Cap Rate Don't miss this outstanding opportunity to acquire a 4-unit multifamily building in the rapidly evolving Brownsville neighborhood of Brooklyn. This income-producing asset offers immediate cash flow with substantial upside through leasing and rental growth. The property features: Three 2-bedroom, 1-bath apartments One 3-bedroom, 1-bath apartment Finished basement generating additional income The building is currently producing approximately $137,556 in annual gross income, with the potential to increase to over $160,000 annually based on projected rents. Investment Highlights Projected 10.65% Cap Rate Projected NOI: $133,124 Purchase Price: $1,250,000 R6 Zoning 25' x 100' Lot Approximately 3,075 SF Building Built in 1930 Stable tenant base with government-assisted rental programs Excellent value-add opportunity through lease-up and rent optimization Ideally situated on Osborn Street, the property is conveniently located near public transportation, schools, shopping, parks, and neighborhood amenities, providing strong long-term rental demand. Whether you're an experienced investor or expanding your multifamily portfolio, 643 Osborn Street presents an exceptional opportunity to acquire a solid Brooklyn asset with immediate income and significant upside potential. Contact us today for the complete financial package, rent roll, and to schedule a private tour.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Construction materials: Masonry - Brick,Brick Siding
Notable Dates
- Major remodel year: 2018
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Oven
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Hardwood
- Finished area above ground: 3,075
Heating
- Heating features: Has Heating (Unspecified Type)
Interior Area
- Total structure area: 3,075
- Total interior livable area: 3,075 sqft
Kitchen
- Features: Open
Property
Details
- Parcel number: 03638002301
- Lease amount: 0
Features
- Stories: 2
- Frontage length: 0
Parking
- Parking features: Detached
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $482 | $5,784 |
| Property Taxes | $583 | $6,996 |
| Electricity | $508 | $6,098 |
| Total | $7,893 | $94,716 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $1,250,000 |
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