105 Rockaway Pkwy, Brooklyn, NY, 11212
About This Home
105 Rockaway Parkway, Brooklyn, NY 11212 Exceptional 4-Unit Multifamily Investment | Over 12% Pro Forma Cap Rate Outstanding opportunity to acquire a well-maintained 4-unit multifamily building in the heart of Brownsville, Brooklyn. This income-producing asset offers immediate cash flow with significant upside through lease-up of the vacant units and rental increases. The property consists of: Two 2-bedroom, 1-bath apartments Two 3-bedroom, 1-bath apartments Finished basement Detached garage providing additional rental income Currently generating approximately $171,936 in annual gross income, with a projected gross income of over $190,000 annually once the vacant units are leased. Investment Highlights Projected 12.32% Cap Rate Projected NOI: $160,178 Purchase Price: $1,300,000 R6 Zoning 25' x 95' Lot Approximately 3,198 SF Building Built in 1930 Separate garage income Strong rental upside Excellent value-add opportunity Located on Rockaway Parkway, the property offers convenient access to public transportation, shopping, schools, parks, and neighborhood amenities, making it attractive to long-term tenants. Whether you're looking to expand your multifamily portfolio or complete a high-yield 1031 exchange, this property offers an excellent combination of current income, upside potential, and long-term appreciation. Contact us today for the full rent roll, expense sheet, and financial package.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Roof: Flat
- 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: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Hardwood
- Finished area above ground: 3,198
Heating
- Heating features: Natural Gas,Baseboard
Interior Area
- Total structure area: 4,797
- Total interior livable area: 3,198 sqft
Kitchen
- Features: Open
Property
Details
- Parcel number: 046160073
- Lease amount: 0
Features
- Stories: 2
- Has view: Yes
- View description: Street
- Frontage length: 0
Lot
- Features: Near Bus,Near Train
Parking
- Total spaces: 2
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Cold Wave
- Earthquake
- Strong Wind
- 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 | $6,573 | $78,876 |
| Home Insurance * | $502 | $6,024 |
| Property Taxes | $606 | $7,272 |
| Electricity | $528 | $6,341 |
| Total | $8,209 | $98,508 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $1,300,000 |
| 2017-10-12 | Sold | $499,000 |
View on Zillow