381 Sumpter Street, Brooklyn, NY 11233
Local realty services provided by:CENTURY 21 Awaye Realty
381 Sumpter Street,Brooklyn, NY 11233
$1,900,000
- 12 Beds
- 6 Baths
- 5,400 sq. ft.
- Multi-family
- Active
Listed by: rick o kelly
Office: alta real estate
MLS#:RLS20092230
Source:NY_REBNY
Price summary
- Price:$1,900,000
- Price per sq. ft.:$351.85
About this home
<p>Alta Real Estate is proud to present 381 Sumpter Street, a substantial six-family brick, stablized multifamily asset offering a verified 7.5% cap rate in the Bed-Stuy/Ocean Hill section of Brooklyn.</p> <p>Built in 1908 and spanning approximately 5,400 square feet on a 25' x 100' lot, this three-story income-producing property is configured as six oversized residences, each featuring a highly marketable two-bedroom, one-bath layout with a dedicated home office. These flexible floorplans are well suited to today's renter demand, offering the space, utility, and work-from-home functionality that continue to drive strong leasing performance across central Brooklyn.</p> <p>Commuter friendly & Easy access to public transportation with 4 different stations hosting the A, C, E, J, Z, and L trains. All are within a 5 block walk</p> <p>Upgrades include new electric, roof and Gas Boiler. Onsite Super</p> <p>The property offers investors a compelling blend of immediate cash flow, durable income, and long-term upside. Its rare Tax Class 2A designation provides meaningful protection against sharp property tax increases, with statutory assessment caps limiting increases to 8% annually and 30% over five years. This helps preserve net operating income and enhances the stability of the asset over time.</p> <p>Further supported by flexible R6 zoning, 381 Sumpter Street also offers future optionality, including potential air-rights expansion or community facility use, subject to all applicable approvals and regulations.</p> <p>Located at the crossroads of Ocean Hill, Bed-Stuy, Bushwick, and Broadway Junction, the property benefits from strong neighborhood momentum, excellent transit access, and a value-driven Brooklyn location that continues to attract renters and investors alike.</p> <p>For the sophisticated investor seeking strong in-place yield, tax-efficient stability, and long-term Brooklyn upside, 381 Sumpter Street represents a rare and highly compelling multifamily opportunity. SET UP UPON REQUEST</p>...
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Home facts
- Year built:1908
- Subdivision & Development:Ocean Hill
- Listing ID #:RLS20092230
- Added:118 day(s) ago
- Updated:September 15, 2026 at 12:58 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:6
- Full bathrooms:6
- Rooms Total:22
- Basement:Yes
- Living area:5,400 sq. ft.
Structure and exterior
- Year built:1908
- Building area:5,400 sq. ft.
- Levels:3 Story
Finances and disclosures
- Price:$1,900,000
- Price per sq. ft.:$351.85
- Tax amount:$8,424
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