1028 66th St, Brooklyn, NY, 11219

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Rare Dyker Heights Portfolio Opportunity- One or Two 6 Families for sale 1028 66th Street is a six-family multifamily investment property located on one of Bensonhurst's most desirable residential corridors. The property currently generates approximately $121,322 in annual gross income and offers investors immediate value-add potential through existing vacancy and below-market rental opportunities. The building consists of two free-market apartments and four rent-stabilized apartments, providing a balance of stable income and future growth potential. Two units, 1F and 1R, are currently positioned for rent increases, allowing a new owner to enhance revenue and improve returns almost immediately. This built-in upside creates a compelling opportunity to increase income without relying solely on long-term tenant turnover. Based on projected rents and current operating expenses, the property offers projected annual gross income of approximately $156,201 with estimated operating expenses of approximately $39,116, resulting in a projected NOI of approximately $117,085 and a projected cap rate of approximately 5.85%. The building benefits from strong neighborhood demand, excellent transportation access, and proximity to local shopping and dining destinations, making it an attractive long-term investment in one of Brooklyn's most established multifamily markets. For buyers looking to maximize scale and operational efficiencies, the neighboring property at 1026 66th Street is also available for purchase. Combined, the portfolio offers 12 residential units, seven free-market apartments, five rent-stabilized apartments, projected annual income exceeding $313,000, and a projected portfolio cap rate of approximately 5.87%, creating one of the most attractive multifamily investment opportunities currently available in Bensonhurst. For detailed financials, rent rolls, operating expenses, pro forma projections, or portfolio pricing, please reach out directly for additional information.