This Multifamily Property is no longer advertised on LoopNet.com.

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
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
  • Listing ID: 18530764

  • Date on Market: 2/15/2020

  • Last Updated:

  • Address: 257 Ainslie St, Brooklyn, NY 11211