257 Ainslie St
Brooklyn, NY 11211
Multifamily Property For Sale · 5 Units
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INVESTMENT HIGHLIGHTS
- Free Market 5 Units (3 Family + Legal 2 Family Back House)
- Backyard
- Very realistic projected CAP Rate is 5.6% with slight renovations.
- Two buildings
- Possibly delivered vacant/ perfect for a condo conversion
PROPERTY FACTS
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.06 AC |
Building Size | 6,000 SF |
No. Stories | 3 |
Year Built | 1915 |
ABOUT 257 AINSLIE ST , BROOKLYN, NY 11211
Free Market 5 Units (3 Family + Legal 2 Family Back House) in Williamsburg! Situated right in the heart of Williamsburg, this 5-family property is an investor’s dream! Possibly delivered vacant/ perfect for a condo conversion! Create your own townhouse and/or collect income. Half a block from the Graham Ave Shopping District. Located 1 block from L & G train stations. Starbucks is just 3 blocks away. 10 min walk to gorgeous McCarren Park and 5 min walk to Cooper Park. This property features: – Front and Rear buildings separated by a courtyard – 9 Bedrooms + 5 Baths – Massive backyard w/ garden – a feature highly coveted in Williamsburg – Unfinished 2 full basements with separate entrances - Very realistic projected CAP Rate is 5.6% with slight renovations. Front Building: – Apt on each floor – Eat in kitchens on each floor – 3rd floor apt is renovated w/ SS appliances, Dishwasher – Hardwood floors – Access to backyard Rear Building: – 1st fl: 1BR /1BTH – 2nd fl: 2BR/1BTH – Hardwood floors – Kitchen/living room combo – Separate entrance – Access to backyard Yearly Expenses: Taxes: $4,778 Insurance: $7,000 Water/Sewer: $2,500 Gas/Heat: $4,000 Lot Size: 25 x 100 ft Building: 22 x 40 ft Zoning: R6B FAR: 0.70; MAX FAR: 2 This is a GREAT OPPORTUNITY! Call TODAY for more details!
LINKS
ZONING
Zoning Code | R6B |
Listing ID: 18530764
Date on Market: 2/15/2020
Last Updated:
Address: 257 Ainslie St, Brooklyn, NY 11211
The Williamsburg Multifamily Property at 257 Ainslie St, Brooklyn, NY 11211 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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