1026 66th St, Brooklyn, NY, 11219

About This Home

Rare Dyker Heights Portfolio Opportunity- One or Two 6 Families for sale 1026 66th Street presents a rare opportunity to acquire a six-family apartment building in the heart of Bensonhurst with a strong combination of immediate cash flow and future rental upside. The property consists of six residential units across approximately 5,045 square feet and currently generates approximately $107,916 in annual gross income. A major strength of the asset is its favorable unit mix, consisting of five free-market apartments and only one rent-stabilized apartment. This allows investors to benefit from greater flexibility in future rent growth while maintaining stable occupancy and income. Additionally, Unit 2R is currently vacant, creating an immediate opportunity for a new owner to lease the apartment at market rent and increase cash flow shortly after acquisition. Based on projected rents and current operating expenses, the property offers projected annual gross income of approximately $156,819 with estimated operating expenses of approximately $39,116, resulting in a projected NOI of approximately $117,703 and a projected cap rate of approximately 5.89%. Located on a desirable residential block surrounded by shopping, transportation, schools, and neighborhood amenities, 1026 66th Street offers investors a stable Brooklyn multifamily asset with meaningful upside potential and a clear path toward increasing revenue. For investors seeking additional scale and stronger overall returns, the adjacent property at 1028 66th Street is also available for purchase. Together, both buildings create a rare 12-unit portfolio generating approximately $313,020 in projected annual income with a projected portfolio cap rate approaching 5.9%. For a complete rent roll, operating statements, pro forma analysis, or additional pricing information, please contact us directly.