--- title: "381 SUMPTER Street, New York City, NY 11233" description: "381 SUMPTER Street, New York City, NY 11233 — Multi Family Home in Ocean Hill, Brooklyn, NY. Listing Price $1,900,000. 12 bed, 6 bath, 5,400 sqft Illustrative Buyer Commission Share of $28,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11233/381-sumpter-street-ny-11233" source: "Real Estate Rebate Team" dateModified: "2026-09-03T22:56:55.408Z" status: "Active" --- # 381 SUMPTER Street, New York City, NY 11233 Multi Family Home in Ocean Hill, Brooklyn, NY Courtesy of ALTA Real Estate Last updated: September 3, 2026, 6:56 PM ## At a Glance - **Listing Price**: $1,900,000 - **Beds**: 12 - **Baths**: 6 - **Sqft**: 5,400 - **Monthly Taxes**: $702 / mo - **Price per Sqft**: $352 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,900,000 - **Illustrative Buyer Commission Share**: -$28,500* - **Illustrative Net Cost**: $1,871,500 *Illustrative Buyer Savings of $28,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![381 SUMPTER Street, New York City, NY 11233 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3598f352-a022-49a5-b2dc-3904f72b361d.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/730a07a8-d4f7-4dfe-baa7-1ee3c1b3ab4b.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/10b70d75-8af4-4247-b52b-152a62787c1e.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/74d92598-3f34-4829-b7f2-21a21cabd613.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f527d873-8b61-4468-8a91-2055f2018809.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b54290d6-6ce5-41e5-b02d-5e4505251f7a.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/240df20d-cb8c-400c-9604-f9fb29883787.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1442ba1f-57a4-4d74-ad47-93d9e148a4ff.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/68eafed2-c7f4-49a1-9be6-789690080e9b.jpg) ![381 SUMPTER Street, New York City, NY 11233 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/810e08a3-93fe-48a2-bb2a-7d3031fe75e6.jpg) ## Property Overview 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 ## Property Details - **Property Type**: Multi Family - **Beds**: 12 - **Baths**: 6 - **Rooms**: 22 - **Sqft**: 5,400 sqft - **Stories**: 3 - **Year Built**: 1908 - **Price per Sqft**: $352 - **Monthly Taxes**: $702 / mo - **Listed On**: May 19, 2026 - **Days on Market**: 117 Days ### Residence Features - In Unit - Smoke Free ## Sales Evidence ### Recent closed sales 381 SUMPTER Street has 2 recorded sales since September 2021, the most recent for $2,235,000 in January 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | Entire property (Multi Family) | 3 | 2,680 | $2,235,000 | $834/ft² | January 27, 2025 | MLS | | Entire property (Multi Family) | 6 | 1,500 | $1,300,000 | $867/ft² | August 3, 2023 | MLS | Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 381 SUMPTER Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/381-sumpter-street) ## Property Tax History Taxes at 381 SUMPTER Street were $8,463 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $470,250 | $5,850 | $464,400 | $67,701 | $8,463 | 12.5% (estimated) | | 2025 (FY 2025/26) | $391,950 | $5,850 | $386,100 | $67,701 | $8,463 | 12.5% (estimated) | | 2024 (FY 2024/25) | $326,700 | $5,850 | $320,850 | $65,502 | $8,188 | 12.5% | | 2023 (FY 2023/24) | $272,250 | $5,850 | $266,400 | $60,674 | $7,585 | 12.502% | | 2022 (FY 2022/23) | $328,050 | $5,850 | $322,200 | $56,217 | $6,896 | 12.267% | | 2021 (FY 2021/22) | $386,100 | $5,850 | $380,250 | $52,078 | $6,372 | 12.235% | | 2020 (FY 2020/21) | $423,450 | $5,850 | $417,600 | $52,078 | $6,388 | 12.267% | | 2019 (FY 2019/20) | $391,500 | $5,850 | $385,650 | $50,386 | $6,285 | 12.473% | | 2018 (FY 2018/19) | $46,672 | — | — | $46,672 | $5,886 | 12.612% | | 2017 (FY 2017/18) | $43,244 | — | — | $43,244 | $5,500 | 12.719% | | 2016 (FY 2016/17) | $40,060 | — | — | $40,060 | $5,165 | 12.892% | | 2015 (FY 2015/16) | $40,060 | — | — | $40,060 | $5,161 | 12.883% | | 2014 (FY 2014/15) | $38,759 | — | — | $38,759 | $4,982 | 12.855% | | 2013 (FY 2013/14) | $35,902 | — | — | $35,902 | $4,719 | 13.145% | | 2012 (FY 2012/13) | $33,265 | — | — | $33,265 | $4,385 | 13.181% | | 2011 (FY 2011/12) | $30,816 | — | — | $30,816 | $4,140 | 13.433% | | 2010 (FY 2010/11) | $30,816 | — | — | $30,816 | $4,115 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3015220055. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 381 SUMPTER Street 381 SUMPTER Street, Brooklyn, NY 11233 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1908 - **Total Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/381-sumpter-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11233/381-sumpter-street-ny-11233) | 12 | 6 | 5,400 sqft | $352 | $1,900,000 | ALTA Real Estate | May 19, 2026 | 116 days | ## Estimated Monthly Payment **$10,309 / month**, assuming a 20% down payment ($380,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $9,607 - **Property Taxes**: $702 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Ocean Hill Explore more real estate and insights about Ocean Hill. [Explore Ocean Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/ocean-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Ocean Hill - [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Bushwick real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) - [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) ## Related Links - [381 SUMPTER Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/381-sumpter-street) - [Ocean Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/ocean-hill) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.