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Brooklyn Cashflow Property – $111K NOI – Upside to $157K+ – Owner Financin - $2,150,000 (Brooklyn)
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A striking Midwood / Flatbush corner building with a castle-like presence that stands out from every other property on the block. Fully renovated and already producing strong income, with clear paths to significantly increase NOI.
Perfect for investors looking for cash flow today and value-add tomorrow.
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💰 Income & Value-Add Potential
Current Net Operating Income: $111,000 / year
Rent optimization + garage income increases NOI to $136,000 / year
Upgrading the heating system can reduce electrical costs by approximately $1,800/month
➡ Projected Stabilized NOI: $157,600 per year
At stabilization this represents serious upside in both cash flow and value.
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💸 Flexible Financing (Rare Opportunity)
Low Down Payment Structure
Take over the existing mortgage and minimize cash needed to close.
Existing Mortgage: $1,702,000
Rate: 4.3% interest-only
Payment: $5,800/month
Buyer Down Payment: $300,000
Seller Financing: $150,000 for 2 years at 10%
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Larger Down Payment Option
Buyer Down Payment: $450,000
Assume the existing mortgage through the LLC structure and potentially save significantly on closing costs.
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Traditional Purchase
Buyer may purchase using their own financing or all cash.
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🏡 Property Highlights
✔ Legal 2-family pad-split / co-living investment property
✔ 15 income-producing rooms (NOT SRO)
✔ 7 bathrooms + 3 kitchens
✔ Fully renovated interiors with modern finishes
✔ Two-car garage with additional income potential
✔ Located in a high-demand Brooklyn rental market
✔ Tenants willing to sign leases with $100/month rent increases
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📍 Asking Price: $2,150,000
2% referral offered — bring your buyers.
Serious investors only.
📞 Steven Polovetskiy
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