The property at 50 Avenue V in Brooklyn, NY, is a 3-unit multifamily property with a total living area of 3,876 square feet. Based on rent comps, the potential monthly rental income ranges from $9,700 to $10,800, resulting in an annual income of approximately $116.4K to $129.6K. With current market conditions in Brooklyn showing high demand and stabilized rents, the payback period could be approximately 12 to 14 years. The property's location in Gravesend, a neighborhood benefiting from Brooklyn's robust market, enhances its rental appeal. However, challenges include older construction (built in 1920) and potential competition from newer developments nearby.
To maximize rental income, consider modernizing units with updated kitchens, bathrooms, and energy-efficient features. Adding amenities like in-unit laundry or enhanced security could justify higher rents. If selling, highlight the strong rental potential and location in a desirable neighborhood. Ensure units are tenant-ready to attract buyers seeking immediate cash flow. Address any deferred maintenance to increase the property's marketability.