190 Rockaway Apartments | 8 Units | 100% Occupied

Highlights:

• 8-Unit Rent-Stabilized Multifamily | 5,600 SF: Four-story residential building generating consistent income.
• Efficient Expense Profile: 41% expense ratio with taxes just 10% of EGI (Tax Class 2B)
• Additional Air Rights: ±2,281 SF of unused development rights
• Sought-after Transit-Served Brooklyn Location: Two blocks from the Rockaway Ave Subway Station with A & C service. 30-minutes to Manhattan or JFK.
• Vibrant Neighborhood: Positioned blocks from Broadway Junction Station (A, C, J, L, Z, LIRR), Fulton St, Atlantic Ave, J Robinson Pkwy, and daily-needs retail, supporting durable tenant demand.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2919/190-rockaway-apartments-8-units-100-occupied?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2919

Marcus & Millichap is pleased to present 190 Rockaway Avenue, an 8-unit, rent-stabilized walk-up apartment building totaling ±5,600 SF in Brooklyn, New York. The offering provides immediate cash flow with measured upside through near-term expirations. The building is fully occupied, and all units are rent stabilized, averaging ±$1,250/month per unit. Operating fundamentals are straightforward: a ±41% expense ratio (taxes ±10% of EGI, Tax Class 2B) and typical line items for utilities, insurance, management, and repairs/maintenance. The Property includes ±2,281 SF of additional air rights, offering longer-term development optionality. Positioned in a transit-served Brooklyn corridor with proximity to retail and services, the asset aligns well for private investors seeking straightforward, stabilized cash flow, and modest, execution-driven upside.

The Property is located within a compelling area of Brooklyn and benefits from close proximity to Manhattan (30-minutes) and major transit hubs like Broadway Junction (Brooklyn’s third busiest subway station with A, C, J, L, Z, and LIRR service), enhancing accessibility and commuter demand. With convenient access to JFK International Airport (30-minutes) and solid transportation infrastructure, the area remains well-positioned for long-term multifamily growth and yield enhancement.


The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: