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Licensed Real Estate Associate Broker
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25+ years experience · 1,000+ transactions · 5-star reviews
2-4 family investment properties in Prospect Lefferts Gardens. Live in one unit, rent the others. NYC's most accessible path to real estate income.
What makes multi family homes stand out in this market
Rental income from 1-3 units covers part or all of your carrying costs, making the purchase significantly more affordable.
Owner-occupied 2-4 family homes qualify for conventional financing (not commercial). Lower rates, smaller down payments.
You capture both rental income and long-term land/building appreciation: two return streams from one purchase.
Rental housing demand stays strong in downturns. NYC vacancy rates for 2-4 family buildings historically stay below 3%.
Existing tenants carry legal protections. Milton verifies rent stabilization status, existing leases, and any tenant disputes before offer.
The Certificate of Occupancy must match the actual number of rentable units. Illegal conversions create liability for buyers.
Milton runs a full cap rate and gross rent multiplier analysis on every multi-family offer to verify the investment case.
44 listings · Updated every 15 minutes
Active
$1,795,000
333 Rutland Road
Listing by Compass
Active
$2,699,000
94 HAWTHORNE Street
Listing by Serhant
Active
$2,498,000
393 ROGERS Avenue
Listing by Corcoran Group
Active
$1,995,000
1074 NOSTRAND Avenue
Listing by Douglas Elliman Real Estate
Active
$1,750,000
265 MAPLE Street
Listing by Corcoran Group
Active
$2,499,500
340 LINCOLN Road
Listing by Corcoran Group
Powered by RLS
This 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.
4 recent closings · Live RLS data
Closed
$1,700,000
1770 Bedford Avenue
Listing by Compass
Closed
$1,965,000
407 LINCOLN Road
Listing by Corcoran Group
Closed
$2,220,000
203 Lefferts Avenue
Listing by Compass
Closed
$1,507,000
167 Sterling Street
Listing by Compass
Powered by RLS
This 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.
Licensed Real Estate Associate Broker
Keller Williams NYC | License #10401274378
Client Reviews
"Milton helped us buy our first home in Washington Heights. He knew the neighborhood inside and out, negotiated a great price, and guided us through every step of the closing process."
Maria R.
Buyer · Washington Heights · $25K under asking
"He has a deep understanding of the value of apartments in NYC. Intelligent, professional, and always had my best interests in mind. This is the person you want on your side."
Sasha
Client · Google Review · 5 stars
"Pia Isabella Palomino: So thankful to work with Milton! He worked so fast to make sure I got my dream place. Great communication, super friendly and responsive."
Pia I.
Client · Google Review · 5 stars
Cap rates for 2-4 family homes in Prospect Lefferts Gardens typically range from 4-7% depending on location, condition, and rent roll. Milton provides a full income analysis before every offer, including current rents vs. market rents and expense estimates.
Owner-occupied 2-4 family homes qualify for conventional conforming loans (FHA allows 3.5% down on 2-4 family with owner occupancy). Investment (non-owner-occupied) 2-4 family typically requires 20-25% down. Milton coordinates with lenders experienced in NYC multi-family purchases.
Existing tenants must be disclosed. Milton reviews all leases, rent stabilization status, and any open HPD violations before offer. You take the building with existing tenants: eviction is tightly regulated in NYC and Milton ensures you understand your rights and obligations going in.
Cap rate analysis, rent roll review, and tenant rights guidance included. Free consultation.
Licensed Associate Broker
Keller Williams NYC | Lic. #10401274378
Hablo Español · English & Spanish