Active For Rent
490 19th Street, New York City, NY 11215
490 19th Street, New York City, NY 11215
  • $4,500

Description

Located just steps from Prospect Park in prime, this beautifully maintained 9-unit multifamily building offering strong in-place income and long-term upside. The property includes six free market and three rent-stabilized units, featuring a mix of one- and two-bedroom layouts ranging from approx. 550 to 1,000 sq ft. All apartments have been recently renovated and are in excellent condition. Current gross monthly income is $33,350, or over $400K annually. With reported annual expenses adjusted for recent capital improvements, the projected NOI exceeds 500k, resulting in a higher cap rate. This turnkey asset is ideal for investors seeking stable returns in a high-demand Brooklyn neighborhood, near Prospect Park, top schools, shopping, dining, and transportation

  • Address 490 19th Street
  • City New York City
  • Zip/Postal Code 11215
  • Area South Slope

Details

Updated on August 17, 2025 at 6:10 pm
  • Property ID: RLS20029693
  • Price: $4,500
  • Bedrooms: 3
  • Rooms: 5
  • Bathrooms: 2
  • Year Built: 1915
  • Property Type: Multi Family, Residential Lease
  • Property Status: Active, For Rent

Additional details

  • Cooling: Window Unit(s)
  • County: Kings
  • Property Type: Residential Lease
  • Architectural Style: Walk-Up

Features

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Filipacchi Foussard

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