148 Meserole St
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148 Meserole St
7 Unit Apartment Building $7,500,000 ($1,071,429/Unit) 5.43% Cap Rate Brooklyn, NY 11206
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 148 Meserole Street, a 100% gut renovated free market mixed-use apartment building. The subject property is located between Graham Avenue and Manhattan Avenue in Williamsburg, Brooklyn.
The property offers 6 apartments and 1 store. The retail space is occupied by Casa Ora, a Venezuelan restaurant. The property is built 25 ft x 75 ft on the first floor and 25 ft x 61 ft on floors 2, 3, & 4, offering approximately 6,450 square feet. 148 Meserole Street sits on a 25 ft x 75 ft lot. The property has a DHCR Order and Determination that the building is exempt from the Rent Stabilization Code.
The property is located within walking distance to the G, J, L, & M subway lines.
The property offers 6 apartments and 1 store. The retail space is occupied by Casa Ora, a Venezuelan restaurant. The property is built 25 ft x 75 ft on the first floor and 25 ft x 61 ft on floors 2, 3, & 4, offering approximately 6,450 square feet. 148 Meserole Street sits on a 25 ft x 75 ft lot. The property has a DHCR Order and Determination that the building is exempt from the Rent Stabilization Code.
The property is located within walking distance to the G, J, L, & M subway lines.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
| 3+3 | 3 | - | - |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 03052-0018 | Improvements Assessment | $546,750 |
| Land Assessment | $9,000 | Total Assessment | $555,750 |
PROPERTY TAXES
Parcel Number
03052-0018
Land Assessment
$9,000
Improvements Assessment
$546,750
Total Assessment
$555,750
zoning
| Zoning Code | R6, C1-3 |
| R6, C1-3 |
Contacts
-
Derek Bestreich -
Luke Sproviero -
Donal Flaherty -
Corey Haynes -
Thomas Ventura -
Sal Monteverde -
Investment Property Realty Group
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148 Meserole St
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