These multi-family homes in Brooklyn offer attractive investment opportunities

Since the beginning of this year, Brooklyn has been experiencing a spike in interest from real estate investors. This borough attracts young renters, who are moving here from Manhattan, and homebuyers, who are looking to make a profitable investment. In the first six months of 2022, investment sales in Brooklyn rose to $5.6 billion, according to Ariel Property Advisors’ Brooklyn 2022 Mid-Year Commercial Real Estate Trends report. Almost half of these transactions came from sales of multi-family buildings. 

The chances of a recession in the United States continue to grow, and real estate can offer some stability for investors. Investing in multi-family buildings in popular neighborhoods like Bushwick and Bed-Stuy is a great option for those who want to have a steady stream of rental income and hedge against inflation. If you are in the market for a multi-family home in Brooklyn, here are two perfect candidates: 

81 Moffat Street (Bushwick, Brooklyn)

This townhouse comes with many benefits, including an oversized backyard, spacious rooms, and low property taxes. According to the listing, the property is currently configured as a duplex. Once you become the owner, you can choose between living in one of the two units, and renting out the other, or listing both units on the rental market.

The main floor of this home includes a modern kitchen, a large living room, a dining room, and access to an outdoor space. The rental unit on the third floor has three bedrooms, a full bathroom, and a kitchen. The living space totals 3,100 square feet, which is significantly larger than the average duplex in the United States. The convenient location is another bonus. The house sits next to L and Z trains, Irving Square Park, and the Bushwick Playground. 

150 Saratoga Avenue (Stuyvesant Heights, Brooklyn)

This 2-family home has been fully renovated, and it is waiting for a future owner and tenants to move in. Once you enter the duplex, you will find a light-filled living room with bay windows, a galley kitchen, and a large formal dining room. The main floor also offers access to the private garden, which increases the appeal of this unit to renters. 

The second floor of this home has three bedrooms and a bathroom. This unit could be occupied by an owner or rented out to potential tenants. The rental unit on the top floor comes with three bedrooms, a full bathroom, and a recently updated kitchen. Residents of this duplex are invited to enjoy easy access to public transit and countless shopping and dining options. 

If you have questions about these properties or would like to schedule a viewing, contact us at anya@verusnyc.com.