381 SUMPTER Street
MLS® #RLS20092230
Listing by ALTA Real Estate
12
Bedrooms
6
Baths
5,400
Sq. Ft.
1908
Year Built
Quick Summary
Property Highlights
- Views: Other
- Character: Pre-war building (1908)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | May 19, 2026 | $1,900,000 | - |
| Currently | May 19, 2026 | $1,900,000 | - |
Description
Alta Real Estate is proud to present 381 Sumpter Street, a substantial six-family brick, stablized multifamily asset offering a verified 7.5% cap rate in the Bed-Stuy/Ocean Hill section of Brooklyn.
Built in 1908 and spanning approximately 5,400 square feet on a 25' x 100' lot, this three-story income-producing property is configured as six oversized residences, each featuring a highly marketable two-bedroom, one-bath layout with a dedicated home office. These flexible floorplans are well suited to today's renter demand, offering the space, utility, and work-from-home functionality that continue to drive strong leasing performance across central Brooklyn.
Commuter friendly & Easy access to public transportation with 4 different stations hosting the A, C, E, J, Z, and L trains. All are within a 5 block walk
Upgrades include new electric, roof and Gas Boiler. Onsite Super
The property offers investors a compelling blend of immediate cash flow, durable income, and long-term upside. Its rare Tax Class 2A designation provides meaningful protection against sharp property tax increases, with statutory assessment caps limiting increases to 8% annually and 30% over five years. This helps preserve net operating income and enhances the stability of the asset over time.
Further supported by flexible R6 zoning, 381 Sumpter Street also offers future optionality, including potential air-rights expansion or community facility use, subject to all applicable approvals and regulations.
Located at the crossroads of Ocean Hill, Bed-Stuy, Bushwick, and Broadway Junction, the property benefits from strong neighborhood momentum, excellent transit access, and a value-driven Brooklyn location that continues to attract renters and investors alike.
For the sophisticated investor seeking strong in-place yield, tax-efficient stability, and long-term Brooklyn upside, 381 Sumpter Street represents a rare and highly compelling multifamily opportunity. SET UP UPON REQUEST
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Ocean Hill
View All Ocean Hill ListingsOcean Hill features historic row houses and co-op buildings, set amongst green space near coastal parks. The area is served by transit connections, offering accessibility near major thoroughfares. Architectural elements range from brownstone townhomes to modern residential complexes, defining the physical landscape of this NYC borough.
Ocean Hill Live Market Data
View NeighborhoodActive Listings
4
Median Asking Price
$1.27M
Median $/Sqft
$500
Avg Days on Market
N/A
New This Week
1
Price Reduced
50%
Sold (30 Days)
3
Median Sale Price
$1.05M
Live data from RLS at REBNY • Updated 5/19/26, 3:23 PM EST
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Location
381 SUMPTER Street, Ocean Hill, Kings County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $8,424, or roughly $702 per month. Verify the current assessment with your attorney before closing.
This property has 12 bedrooms and 6 full bathrooms.
The listed interior living area is 5,400 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1908, making it approximately 118 years old.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $1,900,000 for 5,400 sq ft, the asking price per square foot is approximately $352. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of ALTA Real Estate - Rick O Kelly
Listing Contact: (917) 204-6577
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/19/2026 at 7:23 PM UTC