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- LoopNet Team
257 Ainslie St
Brooklyn, NY 11211
Multifamily Property For Sale · 5 Units
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 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 6,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1915 |
| Building Class | C |
| 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!
ZONING
| Zoning Code | R6B |
| R6B |
