778-780 Livonia Avenue, Brooklyn, NY 11207

100% Occupied Multifamily 8% CAP with 421A in East New York

Introducing 778-780 Livonia Avenue, two fully occupied 8-unit multifamily buildings in East New York, Brooklyn. Built in 2019 and located just one minute from the Van Siclen Avenue (3 Train), the property consists of 14 one-bedroom apartments and 2 studios featuring modern layouts and efficient construction. Tenants pay their own heat, contributing to a controlled expense profile and strong in-place cash flow. The buildings are fully rent stabilized and benefit from a 421a tax abatement through 2033, while also being protected under Tax Class 2B. Annual taxes are just $489, providing exceptional operating leverage and predictable long-term tax treatment. Upon expiration of the 421a abatement, the projected cap rate is 9.85%, underscoring the asset's continued income strength beyond the tax benefit period. With a current NOI of $300,263, the property is offered at $3,500,000, representing an 8.58% cap rate and $218,750per unit. The offering provides investors with a stabilized, post-2008 construction asset delivering durable income, minimal near-term capital exposure, and long-term tax certainty in a transit-oriented Brooklyn location.