Buyer’s Agent for 3 family sale plus basement unit at 268 Sumpter in Ocean Hill, Brooklyn

Pro Forma Cap Rate: +6.75%

Strong value-add opportunity in a gentrifying neighborhood. Buyer utilized FHA financing with a 203k renovation loan at a super low rate with limited equity.

Built in 1910 with low tax basis, great access to A/C trains and across the street from a gorgeous new development.

Massive equity creation and cash flow inbound!

Contact me at 646.256.4935
alexander.szikla@exprealty.com