Contacts
Capri Jet Realty
Licensed Real Estate Associate Broker
Capri Jet Realty
Licensed Real Estate Broker
Property Details
- Property Type Multi-Family
- Property Size 6,084 SF
- Units 9
- Lot Size 2,792 SF
- NOI / YR $260,000.00
- Taxes / YR $1,631.00
- Zoning R6
- # of Floors 4
- Property Tenancy Multi-Tenant
- Year Built 2021
- Date Updated Aug 27, 2025
- Construction Type Brick
Turn-Key 9-Unit Investment Opportunity in Prime Ocean Hill!
Introducing 305 Sumpter Street, a turnkey 9-unit new development completed in 2021, ideally positioned in the high-demand Bedford-Stuyvesant rental market. Constructed with a modern brick and stucco façade, this asset offers investors a stable, income-producing property with significant long-term upside.
The building features a desirable NINE unit mix:
- Three free-market 2BR units with balcony; Three affordable housing 2BR units with balcony
- Two free market 1BR/1.5BTH duplexes (one with private outdoor space)
- One premier free market 1BR penthouse with two levels of private outdoor terraces and unobstructed Manhattan skyline views
All residences are outfitted with tenant-preferred finishes including 11’ ceilings, hardwood flooring, granite countertops, stainless steel GE appliances (with dishwasher), and private balconies in select units. Every unit is filled with natural light and designed for maximum tenant retention.
Financial Highlights:
- Net Operating Income (NOI): $260,000 annually
- Stabilized tenancy with 6 free-market units and 3 affordable units (curated by owner)
- Low maintenance costs supported by Mitsubishi split units, low maintenance plumbing fixtures, AO Smith Water Heaters under warranty, and energy-efficient LED lighting throughout
- Strong amenity package including common backyard, panoramic rooftop deck, and basement laundry facilities
- 421A Tax Abatement in place until 2056
Just 3 blocks from the J train at Chauncey St, 4 blocks from the A/C at Rockaway Ave, and 6 blocks from the L train at Bushwick Ave, ensuring exceptional connectivity across Brooklyn and Manhattan. The neighborhood continues to attract renters with local hot spots such as All Night Skate, Dolly’s Coffee Shop, Kaiff Juice & Coffee, Marion Hopkinson Playground, and Peaches.
With an NOI of $260K, modern finishes, strong transportation access, and a prime Bed-Stuy location, 305 Sumpter Street presents investors with immediate cash flow and long-term appreciation potential in one of Brooklyn’s most dynamic neighborhoods.
Contact today for Full Setup and OM!
Jessie Lookfong 631-408-8918
Capri Jet Realty 718-388-2188
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Just 3 blocks from the J train at Chauncey St
- 4 blocks from the A/C at Rockaway Ave
- 6 blocks from the L train at Bushwick Ave
- Local hot spots: All Night Skate, Dolly’s Coffee Shop, Kaiff Juice & Coffee, Marion Hopkinson Playground, and Peaches.
- Turn-Key 9-Unit Investment Opportunity in Prime Ocean Hill!
- New development completed in 2021
- Three free-market 2BR units with balcony; Three affordable housing 2BR units with balcony
- Two free market 1BR/1.5BTH duplexes (one with private outdoor space)
- One premier free market 1BR penthouse with two levels of private outdoor terraces
- Net Operating Income (NOI): $260,000 annually
- 421A Tax Abatement in place until 2056
- Common backyard, panoramic rooftop deck, and basement laundry facilities
Attachments
Getting around
-
89/100
Walk Score ®
-
100/100
Transit Score ®
-
56/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Ocean Hill
- Zip Code 11233
- Market Brooklyn
Points of Interest
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Chauncey Street
0.17 miles
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Rockaway Avenue Station
0.18 miles
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Rockaway Avenue
0.22 miles
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Halsey Street
0.42 miles
-
Broadway Junction
0.49 miles
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East New York Entrance
0.64 miles
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Gates Avenue
0.77 miles
-
Sutter Avenue
0.97 miles
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Kosciuszko Street
1.21 miles
-
Knickerbocker Avenue
1.27 miles
-
BP
0.36 miles
-
Sunoco
0.55 miles
-
Speedy Gas
0.83 miles
-
Shell
1.08 miles
-
Hess
1.22 miles
-
Mobil
1.23 miles
-
Revel
2.32 miles
-
Tesla Supercharger
2.74 miles
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ChargePoint
3.51 miles
-
plugNYC
3.80 miles
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Havens Place Lot
0.56 miles
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School bus parking
0.94 miles
-
MMP Parking LLC
1.62 miles
-
Stop & Shop Parking
1.82 miles
-
Kings County Parking Garage
2.25 miles
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Underhill Garage
2.79 miles
-
Cielo Garage
2.79 miles
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The Brooklyn Museum and Botanic Garden
2.80 miles
-
Rapid Park
3.15 miles
-
Pathmark
3.35 miles
-
hull
0.34 miles
-
Marina Hotel
0.57 miles
-
Days Inn
0.57 miles
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East New York Inn
0.61 miles
-
Imperial Hotel
0.73 miles
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Surface Inn
0.83 miles
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Hotel Omega
0.86 miles
-
Holiday Inn Express
1.08 miles
-
Artel 535
1.09 miles
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Red Carpet Inn
1.10 miles
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Pioneer
0.26 miles
-
America’s Food Basket
0.35 miles
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Key Food
0.42 miles
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Associated Supermarket
0.60 miles
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Stop One Supermarket
0.67 miles
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Green Harmony Market
0.68 miles
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Howard Marketplace
0.68 miles
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Your Deal Food Corporation
0.80 miles
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Fine Fare Supermarkets
0.85 miles
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Halsey Trader's Market
0.89 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
