$3,500,000 $18,789 est/mo Sourced by Back At You

157 N 5th Street,Williamsburg, NY 11211

Williamsburg NY, 11211

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Description

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, 6 Parking Spaces, 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): $42,000 Ann. Lease Exp.: 7/2024. 2nd Floor (3 Br., 2 Bath): $49,200 Ann. Lease Exp.: 7/2024. 3rd Floor (3 Br., 2 Bath): $52,800 Ann. Lease Exp.: 7/2024. LL Spa: $28,800 Ann. Lease Exp.: 8/2024. Gross Income: $172,800 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 Net Operating Income (NOI): $158,419 Ann.

Details

MLS#3495017
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1899
Days On Site295
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

Story(s)3
Units4
Building(s)1
ZoningR6B
Acreage0.06

Market Activity 11211

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey MLS.

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Learn More About This Property

StateNY
CountyBrooklyn
CityWilliamsburg
Zip Code11211
Subarea13
Listing VS Median (in 11211)
Price:
$3,500,000
low | high
Med:
$2,350,000
82.857142857143% of Average
On Site:
295
low | high
Med:
1010.000000
29.207920792079% of Average
Sourced by Back At You
Listing Updated: May 20, 2024 at 3:58:29 AM PDT
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