157 N 5th St
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157 N 5th St
4 Unit Apartment Building $3,599,000 ($899,750/Unit) 4.64% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!
- The Property Also Features Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!!
- Neighbors Include Google, Nike, UPS, Dunkin’, Walgreens, McDonald’s, Orangetheory Fitness, Blink Fitness, +++!!!
- The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters,++
- The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Ave.!!!
- This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!
Executive Summary
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.
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.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$182,400
|
$45.60
|
| Taxes |
$5,013
|
$1.25
|
| Operating Expenses |
$9,368
|
$2.34
|
| Total Expenses |
$14,381
|
$3.60
|
| Net Operating Income |
$168,019
|
$42.00
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $182,400 |
| Annual Per SF | $45.60 |
| Taxes | |
|---|---|
| Annual | $5,013 |
| Annual Per SF | $1.25 |
| Operating Expenses | |
|---|---|
| Annual | $9,368 |
| Annual Per SF | $2.34 |
| Total Expenses | |
|---|---|
| Annual | $14,381 |
| Annual Per SF | $3.60 |
| Net Operating Income | |
|---|---|
| Annual | $168,019 |
| Annual Per SF | $42.00 |
Property Facts
| Price | $3,599,000 | Building Class | C |
| Price Per Unit | $899,750 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 4.64% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1899 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,599,000 |
| Price Per Unit | $899,750 |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1899 |
| Parking Ratio | 1.5/1,000 SF |
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Yard
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Storage Space
- On-Site ATM
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (94)
zoning
| Zoning Code | R6B (Residential) |
| R6B (Residential) |
-
Tom Gagliano -
eRealty Advisors
(732) 991-9382
x418
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