1935 BERGEN STREET · #16
Description
Exceptional 8.5% Cap Rate 16-unit multifamily building featuring a balanced mix of free-market and rent-stabilized apartments. The property offers strong current income and significant upside potential through 12 fully renovated, large-format free-market units. Highlights 16 Total Units 14 Free-Market Apartments – large, renovated 3–4 bedroom layouts 2 Rent-Stabilized Apartments – providing steady, long-term cash flow All units have individual heating systems (tenants pay for heat) Air conditioning in every unit Low operating expenses due to tenant-paid utilities High demand for large family-sized apartments in the area Investment Summary This asset offers investors a rare combination of stability and growth. The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol. Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand. The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs. Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI. Investor Highlights Strong in-place income with majority free-market exposure Upside potential via free-market rent growth Low maintenance costs and minimal owner responsibilities Balanced rent roll combining stability and flexibility Excellent opportunity for a value-focused multifamily investor
Price history
Every list / cut / contract / sold event we've recorded.
- price decreaseApr 29, 2026$4.58M-11.2%Price decreased 11%
- listedJan 7, 2026$5.15MListed by EXP Realty BKNY
In-building transactions
Every recorded deed (incl. private + sponsor) for this BBL - actual prices paid.
Open violations + recent permits
DOB / HPD signals for this BBL.
- B§ 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT CEILING IN THE FOYER LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- C§ 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGES AT DOOR LEADING TO EAST COURT AT PUBLIC HALL, 1st STORYJun 10, 2026
- A§ 27-2017.3 HMC: TRACE AND REPAIR THE SOURCE AND ABATE THE VISIBLE MOLD CONDITION... LESS THAN 10 SQ FT AT WEST WALL IN THE PRIVATE HALLWAY LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- B§ 27-2026, 2027 HMC: PROPERLY REPAIR THE SOURCE AND ABATE THE EVIDENCE OF A WATER LEAK AT CEILING IN THE FOYER LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- B§ 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT WEST WALL IN THE PRIVATE HALLWAY LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- B§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD BASEBOARD AND DOOR TRIM AT WEST WALL IN THE PRIVATE HALLWAY LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- B§ 27-2005, 2007 ADM CODE REMOVE ALL ENCUMBRANCES CONSISTING OF HOUSEHOLD ITEMS, BICYLES AND STROLLERS AT PUBLIC HALL, 1st STORYJun 10, 2026
- B§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE PRIVATE HALLWAY LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- B§ 27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE ELECTRICAL OUTLET AT SOUTH WALL IN THE BATHROOM LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- B§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD DOOR TRIM AT WEST WALL IN THE BATHROOM LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- B§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE CAULKING AROUND SHOWER PAN IN THE BATHROOM LOCATED AT APT 4, 1st STORY, 2nd APARTMENT FROM WEST AT NORTHJun 10, 2026 · apt 4
- A(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPDS WEBSITE, WWW.NYC.GOV\HPD, SEARCH BED BUGS.May 1, 2026
- B§ 27-2005 ADM CODE REPLACE WITH NEW THE MISSING METAL PAN UNDER 1ST TREAD AT PUBLIC HALL STAIRS, 1st STORYApr 30, 2026
- B§ 27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE LATCH AT BUILDING ENTRANCE DOOR , 1st STORYApr 30, 2026
- C§ 27-2005 ADM CODE PROPERLY SECURE THE LOOSE 1ST TREAD FROM BOTTOM AT PUBLIC HALL STAIRS, 1st STORYApr 30, 2026
- PLMar 20, 2018PRECISION PLBG SVCS., INC
- BLSep 17, 1992ATLANTIC & PACIFIC OIL CO INC.
- MH-PRECISION PLUMBING SERVIC
- PL-PRECISION PLBG SVCS., INC
- OT-PRECISION PLUMBING SERVIC
- PL-PRECISION PLBG SVCS., INC
- PL-PRECISION PLBG SVCS., INC
- OT-PRECISION PLUMBING SERVIC