123 Troutman Street MULTI-FAMILY

$2,195,000

For Sale

- ft²

26 rooms

17 beds

9 baths

Rental unit
Bushwick
Resale

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Listing by Real Estate Leonard LLC, Real Estate Principal Office, 84 Withers Street, Brooklyn, NY 11211

Common charges

Not applicable

Estimated payment

$11,244/mo

Taxes

No info

Tax abatement

No info

About

Seller’s agent

Zachi Isaac Koren

Licensed Real Estate Broker

Real Estate Leonard LLC

Mariia Khemich

Licensed Real Estate Salesperson

Real Estate Leonard LLC

description

Great investment opportunity!
This rent-stabilized 8-family property is ideally located and offers strong cash flow. The front building features 6 units, while the rear building has 2 additional units, including duplex and 3-bedroom layouts.
Between the two buildings is a shared common area, adding to the appeal for tenants. With nearly $200,000 in gross annual income and low operating expenses, this property delivers a cap rate of over 7%.

Policies

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Home features

Private outdoor space
Garden

Building amenities

No info on building amenities

About the building

123 Troutman Street

123 Troutman Street, Brooklyn, NY 11206

Rental building inBushwick

6 units

2 stories

1931 built

For sale

1 available units for sale

For rent

0 available units for rent

Documents and permits

View documents and permits

Learn more about 123 Troutman Street

Property history

Price Change: No changes
Days on market: 174 days

Date	Price	Event
6/13/2025	$2,195,000	Listed by Real Estate Leonard LLC

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Transit

Location	Distance
at Central Av	0.22 miles
at Myrtle Av	0.36 miles
at Morgan Av	0.46 miles
at Kosciusko St	0.48 miles
at Knickerbocker Av	0.58 miles

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About Bushwick

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

17 beds

$2.2M

Bushwick has seen a lot of change over the years. In the early 1900s, it was known for its thriving distilleries and breweries. After those industries declined, it experienced a long period of blight through the 1970s and 1980s. Now the neighborhood is seeing a renaissance, as artists pushed out of Williamsburg and elsewhere move in and raise property values. Bushwick offers unconventional living spaces: The housing market is full of converted lofts in old factories, sometimes with great access to outdoor space.

Learn more about Bushwick