262 Withers St - Apartments FOR SALE


Brooklyn, NY 11211
$2,495,000 USD
718-475-4358
262 Withers St, Brooklyn, NY for Sale
$2,495,000 USD
Apartments - FOR SALE
1/8
null | 5.6% Cap Rate

262 Withers St
Brooklyn, NY 11211


HIGHLIGHTS

  • 25’ x 75’ Brick 6 Family in Williamsburg | 5,625 SF Above Grade | Usable/Finished Basement
  • 4 out of 6 Units are Free Market | 1 RC | 1 RS | Very Good Paperwork In-Place
  • 3 of the 4 Free Market Units delivered Vacant by Closing
  • All 4 Free Market Units already have been renovated with kitchens and bathrooms in the middle
  • Meticulously maintained building with very minor cap ex needed
  • Massive Upside in Free Market Rents

OVERVIEW

• The New York Multifamily team is pleased to offer 262 Withers Street, a 6-unit Multifamily Property at East Williamsburg neighborhood for $2,495,000.00. • 25’ x 75’ Brick 6 Family in Williamsburg | 5,625 SF Above Grade | Usable/Finished Basement • 4 out of 6 Units are Free Market | 1 RC | 1 RS | Very Good Paperwork In-Place • 3 of the 4 Free Market Units delivered Vacant by Closing • All 4 Free Market Units already have been renovated with kitchens and bathrooms in the middle • Meticulously maintained building with very minor cap ex needed • Massive Upside in Free Market Rents • Path to build into above a 5.6% cap rate (at asking price) with just re-leasing vacant FM Units at market • 4 Blocks from L-Train at Graham Avenue

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

6

PRICE/UNIT

$415,833

CAP RATE

5.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

262 Withers Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,441 SF

ZONING

R6B

APN/PARCEL ID

02875-0049

ASK ABOUT THIS PROPERTY

Mike SalvaticoMarcus & MillichapMore Info
718-475-4358

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Mike SalvaticoMarcus & MillichapMore Info
718-475-4358

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