20-Unit Multi-Family Building 950-952 Bergen St Immeuble residentiel 20 lots 4 353 400 € (217 670 €/Lot) Taux de capitalisation 9,82 % Brooklyn, NY 11216

Please note that the above-referenced price reflects the Starting Bid for the property, which is being marketed for sale by private online auction. Online bidding opens Tuesday, November 11, 12:00 PM EST. Seller reserves the right to accept or reject bids.
Property subject to prior sale, which means that bidders may submit a written bid at any time before the auction, and seller may accept, reject or counter those bids. Auction with reserve. 5% Buyer’s Premium. Additional terms apply. Please visit Paramount Realty USA’s website for more details.
Overview
950–952 Bergen Street presents a rare multi-family investment opportunity in the heart of Crown Heights, Brooklyn. Comprising two contiguous 4-story pre-war buildings, the property features 20 apartments across a well-balanced unit mix of studios, one, two and three-bedrooms. 15 of the apartments have been recently renovated and together, the two buildings span 16,224 square feet on a 52' x 100' lot, offering both scale and efficiency in one of Brooklyn’s most dynamic rental markets.
A portion of the units are rent-stabilized, ensuring consistent cash flow, while the remaining free-market units capture strong rental demand driven by the neighborhood’s ongoing transformation. Modern upgrades, skyline views, and high-quality finishes further position the property to attract and retain tenants.
Beyond its strong in-place income, the property benefits from an R7A zoning designation with a C2-4 commercial overlay, creating meaningful long-term development or mixed-use potential. For investors seeking optionality, this flexibility adds an additional layer of value to the offering.
Crown Heights continues to grow as one of Brooklyn’s most vibrant residential neighborhoods, supported by excellent access to public transportation, a wide selection of dining and retail, and proximity to Manhattan—just 20 minutes away. With its prime location, strong fundamentals, and potential upside, 950–952 Bergen Street represents a compelling opportunity for investors pursuing both steady returns and long-term appreciation.