129 Cumberland Place

3 Bedrooms and 4 Apartments, Bedford Stuyvesant, Brooklyn’s most populous neighborhood.

Portfolio

Unlock the full potential of Fort Greene with this rare 24-unit, mixed-use corner property situated at the crossroads of Cumberland Place and Myrtle Avenue. Boasting 22 spacious residential apartments and 2 high-visibility commercial storefronts, this pre-war brick walkup presents a golden opportunity for the savvy investor seeking immediate income and long-term upside in one of Brooklyn’s most culturally rich and appreciating neighborhoods.

The building spans four stories plus a full basement, featuring an attractive unit mix of studios, one-bedrooms, and two-bedrooms—most with abundant natural light, hardwood floors, and original architectural details. The corner exposure offers tremendous curb appeal and consistent foot traffic, enhancing retail desirability.

The two ground-floor commercial units—currently occupied by a boutique wine shop and a neighborhood café—offer strong in-place income with near-term renewal options, allowing for repositioning or rent adjustments.

Located just three blocks from Fort Greene Park and a short walk to Atlantic Terminal, BAM, and Downtown Brooklyn, the property benefits from excellent connectivity, cultural capital, and a tenant base of professionals, creatives, and long-term neighborhood residents.

Portfolio

Use

[{“B.B.L”:”1 | 735 | 58″},{“Zoning”:”R8-A/C2-5HY”},{“Building”:”Class C1″},{“Residential Units”:”00,000,000
8R.S | 4 F.M.”},{“Layout”:”4 Studio
8 Two Bedrooms
8 One Bedrooms
8 Three Bedrooms
8 Four Bedrooms
8 Five Bedrooms”}]

Dimension

[{“LOT Dimension”:”00 X 00 IRREG.”},{“LOT Area”:”000 X 000 IRREG.”},{“Building Dimension”:”000 X 000″},{“G.B.S.F”:”000,000″},{“Stories”:”00″},{“F.A.R as Built”:”00.00″},{“Air Rights”:”000,000″}]

Revenue

[{“Residential”:”900,000,000.”},{“Comercial”:”1,000,000,000.”},{“Retail”:”800,000,000.”},{“total”:”2,700,000,000″}]

Expenses

[{“R.E.Tax”:”80,000,000.00″},{“Water”:”700,000,000.00″},{“Insurance”:”450,000,000.00″},{“Utilities”:”9,000,000.00″},{“Electricity”:”8,000,000.00″},{“Maintenance”:”6,000,000.00″},{“Elevator”:”4,000,000.00″},{“total”:”1,257,000,000″}]

NOI

$ 518,000

Associates

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