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Updated almost 3 years ago,

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Nicole Sharpe
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Any tips for trying to House Hack a multi-family in Brooklyn?

Nicole Sharpe
Posted

My family of six plus our live-in nanny are looking to relocate back to NYC and we're interested in buying a 3-4 family home in Brooklyn and living in one of the units. For personal and logistical reasons (i.e. work, social, and school), we're primarily interested in the following neighborhoods: Greenpoint, Williamsburg, Bushwick (bordering Williamsburg), Crown Heights, Prospect Heights, and Prospect Lefferts Gardens. My husband and I make around 650k gross (we will continue to work remotely with our current employers) and we currently have about $600,000 between our savings and taxable brokerage accounts. Can we house hack in one of these neighborhoods and have a positive cash flow? What would our financing options be for a property around 2-3 million? Thanks in advance for any insight!

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