Description

Welcome to 2041 Strauss Street, a brand-new modern 4-family building in East New York, Brooklyn. Built in 2025 with contemporary finishes and high-yield rental potential, this fully vacant, move-in-ready property is ideal for both investors and owner-occupants. Investment & Financing Opportunity This property is FHA-approved with only 5% down, making it an accessible purchase option for qualified buyers looking to own a multi-unit property with favorable financing terms. Features & Unit Highlights Spacious 4, 200sq ft. layout, featuring 7 bedrooms and 5 full baths across four separate units Designer finishes throughout: hardwood flooring, contemporary kitchens with stainless-steel appliances, and sleek tile bathrooms with glass showers. Private outdoor amenities: First-floor unit includes exclusive backyard access, while the top duplex enjoys rooftop access Modern conveniences: Split-unit heating/cooling and separate utilities (gas, electric, hot water) in each unit Pro Forma Financial Data Annual Net Operating Income (NOI): $147, 648 Projected Pro Forma Cap Rate: -6.95% Projected Gross Monthly Rent: $12, 304 (First-floor 2Bed/1Bath: $3, 027; Second-floor 2Bed/1Bath: $3, 027; Third-floor 1Bed/1Bath: $2, 650; Fourth-floor duplex 2Bed/2Bath: $3, 600). Located in East New York, with convenient access to the L, 3, A, and C subway lines, as well as nearby major retail hubs like the Gateway Center Mall and Shirley Chisholm State Park A family-friendly neighborhood with proximity to local schools, parks, and community resources Summary 2041 Strauss Street combines modern design, strong rental income upside, and financing flexibility through FHA approval with a 5% down payment. With turnkey units, separate utilities, and solid pro forma income, this property is a rare opportunity in East New York-perfect for both investment and owner-use.