109 Winthrop Street

Description

Located in the heart of thriving Bedford-Stuyvesant, this rare condo-up building offers a compelling opportunity for investors seeking strong cash flow and long-term upside in one of Brooklyn’s most dynamic neighborhoods. Built just 10 years ago and maintained in excellent condition, the building features eight residential condominiums and two fully leased ground-floor community facility spaces. The residential portion includes a mix of spacious two-bedroom, two-bath and three-bedroom, two-bath units, each designed with modern layouts, quality finishes, and abundant natural light. All units are individually metered and separately taxed, offering flexibility for future resale or continued rental income. The building provides the perfect blend of boutique design and investment-grade functionality. The ground-floor community facilities are currently leased to a well-established daycare tenant, providing a reliable and steady stream of income. With full occupancy across all units and tenants in place, the building currently generates a healthy 6.3% cap rate, making it an ideal turnkey investment for both seasoned and first-time multifamily investors. Situated on a quiet, tree-lined street, the property benefits from its central Bed-Stuy location—surrounded by cafes, retail, parks, and multiple transit options. The neighborhood continues to see strong residential and commercial growth, driving long-term appreciation and tenant demand. This is a rare opportunity to acquire a fully leased, income-producing asset in a prime Brooklyn location with strong financials and excellent condition. Whether you're looking for a 1031 exchange, a long-term hold, or a smart addition to your portfolio, this property checks all the boxes. Full financials and setup sheet available upon request