287 Mcguinness BlvdBrooklyn, NY 11222

This exceptional multifamily investment opportunity consists of three adjacent buildings located at 287, 293, and 299 McGuinness Boulevard in Brooklyn, New York, 11222. The portfolio comprises a total of 30 units across three 15-story buildings, encompassing 31,023 square feet on a 7,000 square foot lot. Each building offers a mix of two to six-bedroom apartments, all equipped with in-unit washer/dryers. The property boasts a strong net operating income (NOI) of $1,252,929, resulting in an attractive 7.83% capitalization rate. The asking price is $16,000,000, translating to $516 per square foot and $533,333 per unit. Currently zoned R6A, the property benefits from a 421a tax abatement, expiring in 2027. Its prime location offers convenient access to local amenities, including restaurants, nightlife, parks, and public transportation, being just 1.5 blocks from the Greenpoint Avenue G train station. This is an ideal investment for those seeking a well-maintained, high-performing multifamily portfolio in a rapidly developing Brooklyn neighborhood. The property is classified as Tax Class 2B.