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For Sale
Brooklyn
305 Sumpter Street

305 Sumpter Street

Brooklyn, NY 11233

$3,699,000

0.06 Acre

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305 Sumpter Street
Brooklyn, NY 11233

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Brooklyn / NY

Multi Family HIGHLIGHTS

Property Type

Commercial Sale, Multi Family
Style

Mid Rise
Year Built

2018
Cooling

Yes - Electric
Heating

Yes - Electric
Stories

4
RE Tax

$1,631

Listing courtesy of Robert Napolitano of Capri Jet Realty Corp.

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): $276,981 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 $277K, 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.

305 Sumpter Street

Facts & Features

Acres

0.06 Acres
City Region

Brooklyn
Elementary School

Brooklyn Landmark Elementary School, Brooklyn 23 District
High School

Eagle Academy For Young Men Ii, Brooklyn 23 District
Lot Size

2,792 Sqft

MLS #

1000770
Middle School

Brooklyn Environmental Exploration, Brooklyn 23 District
Property Type

Multi Family
Year Built

2018

Architectural Style

Mid Rise
Building Area Total

6084
Construction Materials

Other
New Construction

Yes
Number of Buildings

1

Property Attached

Yes
Total Number of Units

9
Total Stories

4
Year Built

2018

Elementary School

Brooklyn Landmark Elementary School
High School

Eagle Academy For Young Men Ii
Middle or Junior School

Brooklyn Environmental Exploration

Lot Features

Irregular Lot
Parking Features

On Street

Annual Taxes

$1,631

Appliances

Dishwasher
Cooling

Yes - Electric
Flooring

Hardwood
Heating

Yes - Electric

Cross Street

Rockaway Ave

Sewer

Public Sewer
Utilities

Natural Gas Available, Electricity Available, Sewer Available, Water Available
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $136

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

305 Sumpter Street

Location

Nearby Transit

J Z

at Chauncey St
0.18 miles
A C

at Rockaway Av
0.18 miles

Data courtesy of LocalLogic.co

Neighborhood

Ocean Hill

Ocean Hill is a residential neighborhood in eastern Brooklyn, commonly considered part of the broader Bedford-Stuyvesant area and bordering Brownsville, Bushwick, and Crown Heights. The neighborhood features a mix of historic architecture...

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