157 N 5th St - Apartments FOR SALE


Brooklyn, NY 11211
$3,599,000 USD
732-991-9382
157 N 5th St, Brooklyn, NY for Sale
$3,599,000 USD
Apartments - FOR SALE
1/19
null | 4.64% Cap Rate

157 N 5th St
Brooklyn, NY 11211


HIGHLIGHTS

  • Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters,++
  • The Property Also Features Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!!
  • The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Ave.!!!
  • Neighbors Include Google, Nike, UPS, Dunkin’, Walgreens, McDonald’s, Orangetheory Fitness, Blink Fitness, +++!!!
  • This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!

OVERVIEW

Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters, Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Avenue!!! Neighbors Include Google, Nike, UPS, Dunkin’, Walgreens, McDonald’s, Orangetheory Fitness, Blink Fitness, +++!!! This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!! Income: 1st Floor (2 Br., 2 Bath): $44,400 Ann. 2nd Floor (3 Br., 2 Bath): $51,600 Ann. 3rd Floor (3 Br., 2 Bath): $56,400 Ann. LL Spa: $30,000 Ann. Gross Income: $181,200 Ann. Expenses: Gas + Electric: $2,860 Ann. (Hallway & Basement Only) Water + Sewer: $2,679 Ann. Insurance: $3,829 Ann. Taxes: $5,013 Ann. Total Expenses: $14,381 Ann. Net Operating Income (NOI): $168,019 Ann.

FOR SALE DETAILS

PRICE

$3,599,000 USD

PRICE/SF

$900 USD /SF

# OF UNITS

4

PRICE/UNIT

$899,750

CAP RATE

4.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

02336-0040

ASK ABOUT THIS PROPERTY

Tom GaglianoeRealty AdvisorsMore Info
732-991-9382

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Tom GaglianoeRealty AdvisorsMore Info
732-991-9382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.