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.

Property Facts

Price $7,500,000
Price Per Unit $1,071,429
Sale Type Investment
Cap Rate 5.43%
Gross Rent Multiplier 15.85
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class B
Lot Size 0.04 AC
Building Size 5,500 SF
No. Stories 4
Year Built/Renovated 1920/2018

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 3 - -
3+3 3 - -
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)

PROPERTY TAXES

zoning

Zoning Code R6, C1-3 (Multifamily walk-up apartment buildings - old law tenements)
  • Listing ID: 34172002

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 148 Meserole St, Brooklyn, NY 11206