Multifamily Building with
For Sale
$3,880,000
318 Humboldt Street, Brooklyn, NY 11211
Most apartments have dishwashers and washer-dryer units, and the property is fully occupied.
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$776
Days on Market138
Property Features for 318 Humboldt Street
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.11 Acres
Property subtype
Commercial
Zoning
R6B
Occupancy
100%
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$19,233
Amenities
dishwasher
washer-dryer
Building Details
Building Size
5,000 SF
Year Built
1930
Stories
4
Units
7
Listing Agency:
Sany Realty Group LLC
(718) 799-0726
Listed By:
Xian Lin · License #1011513
(646) 591-3308
Source:
Croninreale
Added: Jun 11
Changed: Oct 26
Last Checked: Oct 26 at 3:36AM
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 Sany Realty Group LLC
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Investment Insights
Based on property information with market context.
This multifamily property in Williamsburg has a 5,000-square-foot lot and a building measuring 25 by 100 feet. Renovations were completed a few years ago. Most apartments include dishwashers and washer-dryer units, and the property is fully occupied. The building dates to 1930 and is zoned R6B.
Grand St. station is 0.1 mile away, and the property is near the Williamsburg Bridge, providing a route to Manhattan.
Grand St. station is 0.1 mile away, and the property is near the Williamsburg Bridge, providing a route to Manhattan.
Key Highlights
- Fully occupied multifamily property
- 5,000‑square‑foot lot; building measures 25 by 100 feet
- Most units have dishwashers and washer‑dryer units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,645
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,052,900
$3.1M
Cap Rate 7%
$2,180,643
$2.2M
Cap Rate 9%
$1,696,056
$1.7M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$283.2K $56.64/SF
− Vacancy
−$5.7K −$1.13/SF
EGI
$277.5K $55.51/SF
− OpEx
−$124.9K −$24.98/SF
NOI
$152.6K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,052,900
Cap Rate 7%
$2,180,643
Cap Rate 9%
$1,696,056
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,645 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.14M
$3.62M – $4.83M
NOI $289,800 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,669
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Most apartments have dishwashers and washer-dryer units, and the property is fully occupied.
Where is this multifamily property located?
The property is located at 318 Humboldt Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,880,000.
What are key features of this property?
This property features: Fully occupied multifamily property; 5,000‑square‑foot lot; building measures 25 by 100 feet; Most units have dishwashers and washer‑dryer units
