99 Dumont Ave & 499 Pennsylvania Ave, Brooklyn, NY for sale

Investment Overview

Investment Highlights

• Two newly constructed, walk-up multifamily properties in Brooklyn, comprising 19 total residential units.
• 99 Dumont Ave: Four-story, 10-unit residential building totaling approximately 6,161 SF and completed in July 2026.
• 499 Pennsylvania Ave: Four-story, 9-unit multifamily building totaling approximately 7,190 SF and completed in December 2025.
• Both properties are fully occupied and income-producing, offering immediate in-place cash flow.
• 499 Pennsylvania Ave benefits from a 421-a tax exemption through 2061, providing significant long-term tax savings.
• Conveniently located near Saratoga Avenue Station (3 trains) and Pennsylvania Avenue Station (3 trains), providing convenient access throughout Brooklyn and to Manhattan.