| ID # | 11665200 |
| Construction Year | 2016 |
| Taxes (per year) | $489 |
| Broker Website | |
| Bus | 2 min: B15, B83 |
| 5 min: B6, B84 | |
| 6 min: B20 | |
| 7 min: B14 | |
| 9 min: BM5 | |
| Subway | 1 min: 3 |
| 10 min: C | |
| LIRR | 1.1 miles: "East New York" |
| 3.3 miles: "Nostrand Avenue" | |
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Introducing 778-780 Livonia Avenue, two fully occupied 8-unit multifamily buildings in East New York, Brooklyn. Built in 2016 and located just one minute from the Van Siclen Avenue (3 Train), the property consists of 14 one-bedroom apartments and 2 studios featuring modern layouts and efficient construction. Tenants pay their own heat, contributing to a controlled expense profile and strong in-place cash flow. The buildings are fully rent stabilized and benefit from a 421a tax abatement through 2031, while also being protected under Tax Class 2B. Annual taxes are just $489, providing exceptional operating leverage and predictable long- term tax treatment. With a current NOI of $300,263, the property is offered at $3,700,000, representing an 8.1% cap rate and $231,250 per unit. The offering provides investors with a stabilized, post-2008 construction asset delivering durable income, minimal near-term capital exposure, and long-term tax certainty in a transit-oriented Brooklyn location.







