582 Williams Ave Brooklyn, NY 11207
Fully occupied 4-family property with income and upside potential.
Lot size:
0.06 AcresProperty Features for 582 Williams Ave
General Information
- Property type
- Multi Family
- Standard status
- Pending
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1930
Source:
Elliman
Listing Agent: Joseph Devito
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
East New York Multifamily Investment
Located in East New York, this fully occupied 4-family property presents an opportunity for investors or owner-occupiers. Each apartment features a 4-room layout with 2 bedrooms and 1 full bathroom. The property's income potential is supported by a current rent roll showing rents ranging from $1,400 to $2,000 per month, resulting in an approximate annual gross income of $84,300. Annual expenses are approximately $22,000. One unit has been fully renovated, while the remaining units offer potential for updates. The tenant status includes one unit with a lease and the others on a month-to-month basis, providing flexibility for updates, re-leasing, or potential owner occupancy. The property is located near the Shepherd Avenue Subway Station (A, C lines), providing convenient access to transportation. Its location also offers proximity to schools, shopping, and essential amenities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.89737
- Latitude
- 40.661459
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully occupied 4-family property with income and upside potential.
Where is this quadplex located?
The property is located at 582 Williams Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: - Strong income-producing 4-family property in prime East New York location.; - High gross annual income (approx. $84,300) with potential for rent increases.; - Flexible tenant status: mostly month-to-month leases allowing for updates or owner occupancy.
