8-Unit Apartment
For Sale
$1,300,000
Pending
1516 5th Street, Brooklyn, NY 11204
Four-story brick property with renovated interiors, full occupancy, and dedicated storage space.
Property Size6,560 SF
Days on Market650
Property Features for 1516 5th Street
General Information
Standard status
Pending
Size
6,560 SF
Property subtype
Multi Family
Occupancy
100%
Financials
Cap Rate
6.5%
Gross Income
$160,000
Units
Unit Mix
7 x 2BR, 1 x 1BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$33,397
Building Details
Buildings
1
Stories
4
Construction
brick
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
ZaiYou (Joe) Zhu · License #ZYZ1615
(718) 612-3088
Source:
Exitrealty
Added: Nov 18, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
Investment Insights
Based on property information with market context.
This four-story, semi-detached brick apartment building contains 6,560 square feet of living space arranged as seven two-bedroom apartments and one one-bedroom apartment. A separate three-room storage facility adds functional utility to the property. The building is fully occupied and features updated electrical systems, two new hot water heaters, renovated kitchens and bathrooms, new flooring, refreshed common areas, and updated toilets throughout the apartments.
The property is located minutes from the N Subway line and the Bay Parkway shopping district in Brooklyn. Its stated 6.5% cap rate and completed building upgrades provide clear operating context for a multifamily buyer, while the existing apartment mix supports a range of residential occupancy needs.
The property is located minutes from the N Subway line and the Bay Parkway shopping district in Brooklyn. Its stated 6.5% cap rate and completed building upgrades provide clear operating context for a multifamily buyer, while the existing apartment mix supports a range of residential occupancy needs.
Key Highlights
- Eight apartments: seven 2‑bedroom units and one 1‑bedroom unit
- 6,560 SF of living space in a four‑story brick building
- Fully occupied multifamily property with a stated 6.5% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story brick property with renovated interiors, full occupancy, and dedicated storage space.
Where is this apartment building located?
The property is located at 1516 5th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Eight apartments: seven 2‑bedroom units and one 1‑bedroom unit; 6,560 SF of living space in a four‑story brick building; Fully occupied multifamily property with a stated 6.5% cap rate
